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Major resistance - 1.0030
USD/CHF is trading high for past 5 days and jumped more than 70 pips in this week. The pair is trading well above parity level on broad based USD buying. It hits high of 1.00288 and is currently trading around 1.00200.
On the higher side, near term resistance is around 1.0030 and any violation above targets 1.0068/1.0130.
The near term support is at 0.9978 (5- day MA) and any break below targets 0.9950/0.9900 (200- day MA).
It is good to buy on dips around 1.0018-0020 with SL around 0.9975 for the TP of 1.0125.
