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FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major European indices 
FxWirePro- Major European Indices 
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- USD/CHF has once again shown a decline after hitting high of 0.96460. The pair’s upside is limited to 0.9650 as geo political tension increases demand for safe haven assets like Swiss franc and yen. Overall trend of Swiss franc is slightly weak against US dollar as policy divergence between Fed and SNB will drag the price of Swiss franc down. It is currently trading around 0.96118.
- The hawkish statement by Fed FOMC minutes has raised chance of more than three hikes in this year. With no major economic releases today market eyes University of Michigan consumer sentiment for minor market movement. The near term resistance is around 0.9660 and any convincing break above will take the pair to next level till 0.9700/0.9725/0.9745.
- On the lower side near term support is around 0.9580 and any break below that level targets 0.9520/0.9480/0.9420.The pair should break below 0.9420 for further weakness.
It is good to buy on dips around 0.9565-70 with SL around 0.9530 for the TP of 0.9660/0.9700.
