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Pair is currently supported above 0.9900 levels and trading around 0.9910 levels.
- It made intraday high at 0.9913 and low at 0.9871 levels.
- Intraday bias remains neutral till the time pair holds key support levels at 0.9662 levels.
- On the other side, pair likely to consolidate below 0.9972 levels.
- Key resistance falls at 1.0073 levels.
- A daily close above 1.0073 levels will drag the parity towards 1.0240 levels.
- Alternatively, reversal from 1.0003 levels will turn the bias bearish again.
We prefer to take long position in USD/CHF around 0.9880, stop loss 0.9763 and target 1.0073/1.0143 levels.
