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- USD/CHF has jumped almost more than 100 pips yesterday. The pair hits high of 0.94536 and is currently trading around 0.94496.
- Technically in the daily chart, the pair is trading well above 10- day MA. The near term major resistance is around 0.9482 (20- day MA) and any break above targets 0.951 (daily Kijun-Sen). Minor bullishness can be seen above 0.9550.
- On the lower side, near term support stands at 0.9400 and any break below will drag the pair to next level till 0.9340/0.9300. Bearish continuation can be seen only below 0.9250.
It is good to buy on dips around 0.9385-90 with SL around 0.9330 for the TP of 0.9500/0.9555.
