Major Resistance - 1.010
USDCHF has broken major resistance 1.0020 after a long consolidation.The pair was consolidating in narrow range between 1.0020 and 0.9980 for past three trading day.Swiss franc gained sharply after hitting low of 1.0100 level on Brexit uncertainty.It hits low of 0.99264 on Feb 28th 2019 and is currently trading around 1.00130.
On the higher side, near term major resistance is around 1.0680 and any break above targets 1.0100. Any break above 1.010 will take the pair till 1.01285. Any major trend reversal only above 1.01285.
The near term support is around 1.00240 (23.6% fib) and any violation below targets 1.000/0.9975 (300-4 H EMA)/0.9950/0.9910-0.9905 (200- day MA).
It is good to buy on dips around 1.00350 with SL around 1.000 with TP of 1.0100.
