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2017.03.2107:44:00UTC+00Fxwirepro: Usd/chf Upside capped by 7-Day Ma, Good to Sell on Rallies

  • Major resistance – 1.0030 (7- day MA).
     
  • Major support – 0.9914 (200 –day MA).
     
  • USD/CHF has shown a minor jump till 1.000 and declined from that level.  It is currently trading around 0.99538.
     
  • The pair should break above 1.0030 for minor jump till 1.0060/1.0100.
     
  • On the lower side, 0.9914 will be acting as immediate support and any break below will drag the pair down till 0.9860.The minor support is around 0.99295.
     
  • Minor bullish invalidation only below 0.98600.

    It is good to sell on rallies around 0.9980-85 with SL around 1.0030 for the TP of 0.9915/0.9860

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