• The USD/CHF has slipped back sharply towards 0.9660 levels, after sellers stepped in after the comments from Feds central banker's yellen, evens and bullard. The pair has been trading in sideways range off late,  a strong rebound is expected to take place sooner or later around 0.9990 levels as this level has been strongly supportive for the bears. Therefore, its good to buy this pair around 0.9990 levels.
  
  
• The pair is trading around 0.9690 levels and it is expected advance further towards 1.0100 and 1.0150 levels in the short term.
  
  
• To the upside, the strong resistance can be seen at 1.0079, a break above this level would take the pair all the way towards 1.0150 levels.
  
  
• To the downside immediate support can be seen 1.0021, a break below this level will take the pair to next level at 0.9990.
  
  Recommendation: Go long around 0.9990, targets 1.0080, 1.0120 SL 0.9930
  
  Resistance Levels
  
  R1: 1.0047 (38.2 % Retracement level)
  
  R2: 1.0079 (Daily high)
  
  R3: 1.0118 (23.6 % Retracement level)
  
  Support Levels
  
  S1: 1.0021 (61.8% Retracement level)
  
  S2: 0.9990 (50% Retracement level)
  
  S3: 0.9930 (61.8 % Retracement level)