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- Major support – 0.9650
- The pair has formed a double bottom around 0.9650 and slightly recovered from that level. It is currently trading around 0.9700.
- Short term trend is slightly bullish as long as support 0.9650 holds.
- USD/CHF major support is around 0.9650 and any break below will drag the pair down till 0.9600/0.9528 level.
- On the higher side minor resistance is around 0.9750 and any break above targets 0.9780/0.9855.
- Short term bearish invalidation only above 0.9780.
It is good to buy at dips around 0.9698 with SL around 0.9650 for the TP of 0.9780/0.9825
