Major resistance-1.0030
USDCHF is trading in narrow range between 1.00122 and 0.99779 for past three days.US dollar is trading lower against all majors on broad based dollar selling.The easing US and China trade tensions has decreased demand for safe haven such as yen and Swiss franc. The easing US-China trade tension has decreased the demand for safe haven assets like Gold, yen etc. Markets eye EU Brexit summit to be happened tomorrow for further direction.US 10 bond yield has shown a good jump of more than 8% from 14 month low of 2.34%.
On the higher side,1.0030 is acting as near by resistance and any convincing break above will take the pair till 1.00680/1.010. Any break above 1.0125 confirms major trend reversal.
The near term support is around 0.9950 and any break below targets 0.9900/0.9860.
It is good to buy on dips around 0.9990 with SL around 0.9950 for the TP of 1.010.
