• Major resistance – 0.9960
   
• The pair recovered sharply after making a low of 0.98136 on 27th Mar 2017. USD/CHF broken the 200 –day MA at 0.9922 and closed slightly above that level yesterday.
   
• It should break above 0.9960 for minor bullishness. Any violation above 0.9960 will take the pair till 1.0027 (21- day MA)/1.00340 (61.8% retracement of 1.01700 and 0.98136)/1.00783 (61.8% retracement of 1.03435 and 0.98136).
   
• On the lower side , any break below 0.9800 confirms further weakness . Any break below that level will drag the pair till 0.9768 (61.8% retracement of 0.94439 and 1.03436).
  
  It is good to buy above 0.9960 with SL around 0.9900 for the TP of  1.0027/1.00780.