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- Pair is currently trading at 0.9828 levels.
- It made intraday high at 0.9840 and low at 0.9763 levels.
- Recent development is raising the chance of medium term trend reversal. Short term trend remains bullish till the time pair holds key support levels at 0.9661 marks.
- Sustained break of 0.9661 will affirm the bearish bias and targets 0.9475 key support levels next.
- On the top side, a daily close above 1.0073 levels will confirm the bullish bias.
- Initial resistance levels are seen at 0.9835, 0.9881 and 0.9972 marks.
- On the down side, key support levels are falls at 0.9714, 0.9661 and 0.9475 levels.
We prefer to take long position in USD/CHF around 0.98, stop loss 0.97 and target 1.0073 levels.
