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- USD/CHF has once again shown a minor decline after jumping till 0.97170 yesterday. Intraday trend is still neutral as long as support 0.95950 holds. It is currently trading around 0.96765.
- The pair minor bullishness can be seen only above 0.97260 (trend line joining 0.98252 and 0.9808) and any break above will take the pair till 0.9785 (38.2% retracement of 1.03432 and 0.9435)/0.9808 (May 30th 2017 high).
- On the lower side, minor reversal can be seen below 0.9595 and any break below will drag the pair till 0.9545 (61.8% retracement of 0.9345 and 0.97260)/0.9500. Overall bearish continuation only below 0.94385.
It is good to buy on dips around 0.9700 with SL around 0.9630 for the TP of 0.9808.
