Major resistance- 1.0010
USDCHF is trading higher for 3rd consecutive day and jumped nearly 90 pips from the low. DXY is rebounding after better than expected US Non farm payroll data. But US and China trade talks and Brexit uncertainty are major factors which are expected to increase demand for sage haven. The pair hits high of 1.00208 and is currently trading around 1.00145.
On the higher side,the pair has broken major horizontal resistance at 1.0010 and this confirms minor bullishness and a jump till 1.0068/1.0130 likely.
The near term support is around 0.9950 and any break below will take the pair til 0.9900 (200- day MA).Any daily close below 0.9900 confirms major weakness.
It is good to buy on dips around 1.0010 with SL around 0.9950 for the TP of 1.0130.
Resistance
R1- 1.0010
R2 -1.0068
R3- 1.0130
Support
S1- 0.9950
S2- 0.9900
S3- 0.9845
