- USD/CHF is trading weak for fifth consecutive day and has closed once well below 10- day MA). The pair declined till 0.92630 at the time of writing. The pair formed a minor top around 0.9470 and further bullishness only above that level. It is currently trading around 0.92708.
- Technically in the daily chart, the pair is trading near major support of 0.9250 and any break below confirms further weakness. Any break below will drag the pair till 0.9125/0.9070. Bearish continuation only below 0.9250.
- The near term major resistance is around 0.9300 and any break above 0.9365 /0.9400. Minor bullishness can be seen above 0.9470.
It is good to buy on dips around 0.9250 with SL around 0.9200 for the TP of 0.9345/0.9370.