USD/CHF Short Term Outlook
USD/CHF major resistance (R1) -0.95601.Trend reversal only above 0.95601 level.
A break of indicative resistance area 0.95601 would extend gain to 0.9593/0.9625.
Major support (S1) - 0.9469 (Cloud bottom). Break below S1 will target 0.9420(S2)/0.9350(S3).
Short term trend is slightly weak and it is good sell on rallies.
We prefer to sell on rallies near 0.9520 (Tenkan-Sen) for the target of 0.9420/0.9350 with the stop 0.9562 (Oct 15th high).
A break of indicative resistance area 0.95601 would extend gain to 0.9593/0.9625.
Major support (S1) - 0.9469 (Cloud bottom). Break below S1 will target 0.9420(S2)/0.9350(S3).
Short term trend is slightly weak and it is good sell on rallies.
We prefer to sell on rallies near 0.9520 (Tenkan-Sen) for the target of 0.9420/0.9350 with the stop 0.9562 (Oct 15th high).
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