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USDCHF broken major resistance 0.9980 after along consolidation. The Pair hits high of 0.99813 and is currently trading around 0.99797. Swiss franc was trading weak on account of broad based US dollar buying. US dollar index jumped more than 50 pips from yesterday’s low. It is expected to hit 9 in coming days.
The near term resistance is around 1.000 and any break above targets 1.00680 high made on Jul 13th 2018. Any break above 1.00680 confirms further bullishness.
On the lower side, near term low made yesterday 0.99378 will be acting as major support and any break below targets 0.9889/0.9865.
It is good to buy on dips around 0.9975-78 with SL around 0.99375 for the TP 1.00680
