- Major resistance – 1.0180 (trend line joining 1.01187 and 1.01405)
- Major support – 1.00600 (trend line joining0.99636 and 1.00089).
- USD/CHF taken support near trend line and jumped sharply from that level. The pair jumped till 1.0166 at the time of writing. It is currently trading around 1.0080.
- The pair should break above the weekly high of 1.01700 for further jump till 1.0200/1.02480.
- On the lower side, 1.0060 will be acting as immediate support and any break below will drag the pair down till 1.000/0.9960 (Feb 16th 2017 high).
It is good to sell on rallies around 1.00125-1.0130 with SL around 1.01700 for the TP of 1.00650/1.000
The material has been provided by InstaForex Company – www.instaforex.com