USD/CHF faces strong resistance at 0.972,good tosell on rallies
Candle stick pattern- Hanging man
USD/CHF has made a high of 0.96919 and declined till 0.95474 on Firday. The pair recovered quickly and closed at 0.96493.
Major trend reversal level only above 0.9720.
On the downside minor support is around 0.9637 and any break below will target 0.9595/0.9545/0.9520.
The break of major resistance would extend gains till 0.9770/0.9800 level.
It is good to sell on rallies around 0.9660-65 with SL around 0.9725 for TP of 0.9595/0.9550.
USD/CHF has made a high of 0.96919 and declined till 0.95474 on Firday. The pair recovered quickly and closed at 0.96493.
Major trend reversal level only above 0.9720.
On the downside minor support is around 0.9637 and any break below will target 0.9595/0.9545/0.9520.
The break of major resistance would extend gains till 0.9770/0.9800 level.
It is good to sell on rallies around 0.9660-65 with SL around 0.9725 for TP of 0.9595/0.9550.