USDCHF is consolidate in narrow range between 1.000 and 1.00288 level for past two trading session. DXY has rebounded sharply more than 150 pips and broken major resistance 96.68 on account of broad based US dollar buying. But US and China trade talks and Brexit uncertainty are major factors which are expected to increase demand for safe haven assets .The pair hits intraday high 1.00240 and is currently trading around 1.00212.
On the higher side, the pair is facing major resistance around 1.0030 and any break above confirms minor bullishness and a jump till 1.00440/1.00680 is possible.Any major trend continuation only above 1.0130..
The near term support is around 0.9950 and any break below will take the pair til 0.9900 (200- day MA).Any daily close below 0.9900 confirms major weakness.
It is good to buy on dips around 1.000 with SL around 0.9950 for the TP of 1.0130.
