USD/CHF short term Outlook
USD/CHF has taken support at 0.9540 (38.2% retracement of 0.9299 and 0.9680) and has recovered from that level.
Short term trend reversal can happen only below 0.9539.
Minor resistance is around 0.9620. Any indicative break above would extend gain till 0.9688/0.9838(138% projection of 0.9334 to 0.9688 from 0.9358).
Recommendation: Buy USD/CHF around 0.9620, SL 0.9539, Target 0.9688/0.9850.
Short term trend reversal can happen only below 0.9539.
Minor resistance is around 0.9620. Any indicative break above would extend gain till 0.9688/0.9838(138% projection of 0.9334 to 0.9688 from 0.9358).
Recommendation: Buy USD/CHF around 0.9620, SL 0.9539, Target 0.9688/0.9850.
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