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FxWirePro:GBP/NZD downside pressure builds, key support level in focus 
- Swiss franc lost its momentum after hitting high of 0.95824 on Friday. USD/CHF is currently trading around 0.96864.
- The pair is facing support near 0.9600 (50% retracement of 0.94385 and 0.97728) and any close below will drag the pair till 0.9550/0.9500 in the short term. The bearish continuation can be seen only below 0.94385.
- On the higher side, near term major resistance is around 0.9700 and any break above will take the pair till 0.9736 (89- day EMA)/0.9783 (38.2% retracement of 1.03432 and 0.94385).
It is good to buy on dips around 0.9600 with SL around 0.9550 for the TP of 0.9725/0.9745.
