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- USD/CHF has declined after showing a jump till 0.96143 yesterday. The pair has formed minor double bottom at 0.95400 and is currently trading around 0.95550.
- Major near term intraday resistance is around 0.9630 and any break above confirms minor bullishness, a jump till 0.9680/0.9700/0.9725 likely. Short term bearish invalidation only above 0.97730.
- The near term support is around 0.95400 and any convincing break below will drag the pair till 0.95295/0.9500. It should close below 0.94295 for further weakness.
It is good to sell on rallies around 0.9600 with SL around 0.9635 for the TP of 0.9535/0.9500.
