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- Major support – 0.9600 (trend line joining 0.90719 and 0.9156)
- The pair has made a low of 0.96510 and slightly recovered from that level. It is currently trading around 0.9670.
- USD/CHF major support is around 0.9600 and any further weakness only below 0.9600.
- Any break below will drag the pair down till 0.9528/0.9500 level.
- On the higher side minor resistance is around 0.9708 and any break above targets 0.9750/0.9780.
- Short term bearish invalidation only above 0.9780.
- StochRSI – Over sold.
It is good to buy at dips around 0.9660-65 with SL around 0.9600 for the TP of 0.9780
