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- USD/CHF has declined almost 50 pips from yesterday high of 0.93750. The pair formed a double top around 0.94090 and any break above confirms minor bullishness. The pair hits low of 0.93250 and is currently trading around 0.93503.
- With no major data in US economic calendar market eyes US FED Chairman speech tomorrow for minor movement.
- Technically, in the daily chart the pair has shown a minor decline below 20- day MA at 0.9335 and jumped slightly from that level. The pair should break above 0.9410 for further jump till 0.94700 .It should move above 0.9470 for further bullishness.
- On the lower side, near term support is around 0.9335 and any close below will drag the pair down till 0.9300/0.9280/0.9240. Any break below 0.91817 confirms bearish continuation, a dip till 0.9060 likely.
It is good to sell on rallies around 0.9355-60 with SL around 0.9410 for the TP of 0.92550.
