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- Major Intraday resistance -0.9764 (200 HMA)
- USD/CHF has declined sharply after making a high of 0.98057.It is currently trading at 0.97514. Short term decline from 0.9960 till 0.9512 will come to end if the pair closes well above 0.9840.
- On the higher side, major resistance is around 0.9840 and any indicative break above 0.9840 will take the pair till 0.9900/0.9960 in the short term. The minor resistance is at 0.9764/0.9805.
- Any short term weakness can be seen only below 0.9670 (21 day MA) and any violation below targets 0.9630/0.9580/0.9520.The minor support is at 0.9740.
- Overall bullish invalidation only below 0.9500.
It is good to buy at dips around 0.9750 with SL around 0.9670 for the TP of 0.9840/0.9900/0.9960
