• Major intraday resistance -1.0045 (50% retracement of 1.01187 and 0.99636).
   
• Major support – 0.99297 (Feb 8th 2017 low).
   
• USD/CHF has recovered sharply after making a low of 0.99636 on Feb 16th 2017. The pair jumped till 1.00392 after breaking 1.000.It is currently trading around 1.00233.
   
• Intraday outlook remains slightly bearish as long as resistance 1.00450 holds.
   
• The declined from 1.03436 has got completed at 0.98600. So further bearishness only below 0.98600.


• On the higher side, above 1.01180 will take the pair till 1.0342 in the short term. The major intraday resistance stands at 1.00450 and any break above will take the pair till 1.0070/1.0120.
   
•  Any violation below 0.9980 will drag the pair down till 0.9950/0.99290.
  
  It is good to sell on rallies around 1.00250 with SL around 1.0070 for the TP of 0.9980/0.9955