USD/CHF struggles to break 0.972,bullishness only above 0.9720
USD/CHF has made a high of 0.97034 and currently trading at 0.96926. Overall trend is still bearish as long as resistance 0.9720 holds.
Major trend reversal level only above 0.9720 (30th Jul high).
On the downside minor support is around 0.9685 and any break below will target 0.9635/0.9595/0.95545.
The break of major resistance would extend gains till 0.9770/0.9800 level.
It is good to sell on rallies around 0.96925-30 with SL around 0.9725 for TP of 0.9595/0.9550.
Major trend reversal level only above 0.9720 (30th Jul high).
On the downside minor support is around 0.9685 and any break below will target 0.9635/0.9595/0.95545.
The break of major resistance would extend gains till 0.9770/0.9800 level.
It is good to sell on rallies around 0.96925-30 with SL around 0.9725 for TP of 0.9595/0.9550.