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- Major support- 0.9630.
- Major resistance – 0.9790 (200-- day MA).
- USD/CHF has broken major resistance at 200- day MA. But struggling to close above that level. It is currently trading at 0.9808.
- The pair took support at 21- day MA and started to jump from that level.
- On the higher side, any close above 0.97920(200-day MA) will take the pair till 0.9840/0.9880.
- Short term weakness can be seen only below 0.9730 (21- day MA).Any break below targets 0.9680/0.9630.
It is good to buy on dips around 0.9780-85 with SL around 0.9730 for the TP of 0.9840/0.9880.
