SwissUSD-CHF @ 0.9577/80...Bearish. Sell rallies
R: 0.9630-50 / 0.9710 / 0.9770
S: 0.9550 / 0.9450

 

Dollar-Swiss witnessed a break below its Support at 0.9600 during the day. The overall bearish sentiment is intact. We see strong Resistance in 0.9650-9700 region a break above which is not looking likely now. While below 0.9600 there is a good chance of seeing further fall towards 0.9500-450 in the coming sessions/days. As such any bounce back rally towards 0.9650-9700 if seen should be considered for taking Short positions. We would want to change the entry of our Short order placed earlier at 0.9710 and 0.9770 to 0.9650 now.

Limit Sell Order:
Sell USD 10K at 0.9650, SL 0.9740, TP 0.9450
Sell USD 10K at 0.9720, SL 0.9780, TP Open