USDCHF - Intraday - We look to Sell at 0.9865 (stop at 0.9895)
Trades at the highest level in 12 days. There is no clear indication that the upward move is coming to an end. Intraday, and we are between bespoke support and resistance 0.9795-0.9865. The move higher is mixed and volatile, common in corrective sequences. The medium term bias remains bearish. Preferred trade is to sell into rallies.
Our profit targets will be 0.9740 and 0.9700
Resistance: 0.9855 / 0.9865 / 0.9960
Support: 0.9795 / 0.9740 / 0.9700
Trades at the highest level in 12 days. There is no clear indication that the upward move is coming to an end. Intraday, and we are between bespoke support and resistance 0.9795-0.9865. The move higher is mixed and volatile, common in corrective sequences. The medium term bias remains bearish. Preferred trade is to sell into rallies.
Our profit targets will be 0.9740 and 0.9700
Resistance: 0.9855 / 0.9865 / 0.9960
Support: 0.9795 / 0.9740 / 0.9700
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