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- Intraday bias remains bearish for the moment.
- Fall from 1.0255 is still in progress and deeper fall would be seen to 0.9784 low next.
- On the top side, above 1.0073 minor resistance levels will turn bias neutral and bring recovery before staging another fall.
- Initial support levels are seen at 0.9874, 0.9822 and 0.9722 levels.
- Alternatively, resistance levels are seen around 0.9974, 1.0026, and 1.0178 levels.
We prefer to take short position in USD/CHF around 0.9950, stop loss 1.0073 and target 0.9784 levels.
