• The USD/CHF declined from 1.0231 levels, erasing Friday's gains, after ISM Manufacturing data released from the US market printed positive figures. 
  
  
• Data released in the US was worse than expectations, as ISM Manufacturing PMI reading for the month of Jan came at 48.2 slightly better than forecast at 48.1. The Manufacturing PMI, came at 52.4 worse than the 52.7 expected. 
  
  
• Meanwhile ISM Manufacturing Employment (Jan) came at 45.9 against the forecasted figures at 48.0. The market remained paused for a while after the release, gradually green back gained against the Major pairs.
  
  
• The short term picture depicts more bullish trend for this pair, as the pair is supported by rising trend line in 4 hours chart, the relative index in the 4 hour chart is slightly pointing upwards at 56, the 55, 30 and 20 MA's is indicating upward momentum.
  Overall the technical indicators are depicting more upside for this pair.
   
• To the upside, the strong resistance can be seen at 1.0201, a break above this level would take the pair towards next resistance level at 1.0264.
  
  
• To the downside immediate support can be seen 1.0150, a break below this level will take the pair to next level at 1.0080.
  
  Recommendation: Go long above 1.0150, targets 1.0220, 1.0300, SL 1.0000
  
  Support levels: 1.0150, 1.0120, 1.0080
  
  Resistance levels: 1.0201, 1.0264, 1.0300