• USD/CHF has once again retreated after showing a minor above 200- day MA. It is currently trading around 0.99109 0.33% lower.
   
• The near term resistance is around 1.000 and any break above target 1.0013 (55- day EMA). Any break above 1.0024 will take the pair till 1.00413 (61.8% retracement of 1.03435 and 0.98135)/1.0120/1.0170.On the lower side , support stands at 0.9860 and any decline below that will drag the pair till 0.9800.
   
• Short term bearish invalidation can be seen only above 1.01740.
  
  It is good to sell on rallies around 0.9945-50 with SL around 1.000 for the TP of 0.9860/0.9815.