USDCHF Trade idea

USD/CHF has declined till 0.96695 aftermaking a highof 0. is currently  trading at 0.9704.

• Thepair is facing strong trend line resistance around 0.9770 and any intraday jump can be seen only above that level.
• Overall trend is weak as long as resistance 0.9800 holds.
• Any break above 0.9770 will take the pair till 0.9800/0.9825.
   
• On the lowerside major support is around 0.9680 and break below will drag the pair further down till 0.96325/0.9595.

It is good to sell on rallies around 0.9740 with SL around 0.9770 for the TP of 0.9680/0.9635

Resistance

R1- 0.9770

R2-0.9800

R3- 0.9830

Support

S1-0.9680

S2-0.9635

S3-0.9595