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- Major resistance – 1.02048 (Nov 30th high)
- Major support – 1.0000 (100% projection of 1.0248 and 1.00672 from 1.01817)
- The greenback has renewed buying interest after declining till taking support near 1.0020.USD/CHF jumped till 1.01780. The pair is currently trading around 1.01625.
- Trend continuation is expected to happen only if the pair breaks above 1.02050. Any break above that level will take the pair till 1.02600/1.03027.
- On the lower side, the pair should break below 1.0150 for further selling. Any violation below 1.0150 will take the pair till 1.010/1.0050. The further downside can be seen below 1.0020 will drag the pair till 0.9960 (55- day EMA).
It is good to buy on dips around 1.0150 with SL around 1.0205 for the TP of 1.0205/1.0302
Resistance
R1-1.0205
R2-1.02580
R3- 1.03027
Support
S1-1.010
S2-1.0050
S3- 1.00200
