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- USD/CHF has been trading on the higher side in today’s European session. The pair hits intraday low of 0.95530 and shown a good recovery on easing US-China trade war. The increase in risk appetite has dragged the prices of Swiss franc which is considered as safe haven asset. The pair hits high of 0.95783 at the time of writing and is currently trading around 0.95815.
- The near term resistance is around 0.9580 and any convincing break above will take the pair to next level till 0.9600/0.9660.
- On the lower side major support is around 0.9550 and any break below 0.9500/0.9450.The pair should break below 0.9420 for further weakness.
It is good to buy above 0.9580 with SL around 0.9535 for the TP of 0.9660/0.9700.
