- Major resistance – 0.9640.
- USD/CHF is consolidating near channel resistance after hitting low of 0.9535. The pair hits intraday high of 0.96336 and shown a minor dip from that level. It is currently trading around 0.96239.
- Intraday trend is bullish as long as support 0.9590 holds. The pair should close convincingly above trend line resistance at 0.9640 for further bullishness. Any break above 0.9640 will take the pair to next level till 0.9705/0.9760. Minor bullishness above 0.9845.
- On the lower side, near term support is around 0.9590 and any break below will drag the pair till 0.9550/0.9500.
It is good to buy on dips 0.9620 with SL around 0.9570 for the TP of 0.9705/0.9745.
Resistance
R1-0.9640
R2 -0.9705
R3-0.9745
Support
S1-0.9570
S2-0.9535
S3- 0.9500
