- USD/CHF has shown a minor jump till 0.99867 from the low of 0.99215. It is currently trading around 0.99273.
- Technically, intraday trend is mildly weak, a further dip till 0.9855 is likely. The pair’s near tern support is around 0.9908 (20- day MA).Any break below will drag the pair to next level till 0.98948 (23.6% fibo and trend line support)/0.98550. Short term trend is still bullish as long as support 0.9835 (Resistance turned into support) holds. Long term weakness only below 0.9705.
- The major resistance is around 1.0040 and any break above will take the pair to next level till 1.0100/1.0174. The near term resistance is around 0.9983 (10- day MA)/1.000.
It is good to sell on 0.9955-0.9960 with SL around 1.000 for the TP of 0.9908/0.9865.