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USD/CHF has broken major resistance around 0.9980 and jumps till 1.00764. It is currently trading around 1.003.
- The pair retreated till 0.9997 today at the time of writing and recovered from that level. Short term weakness can be seen only below 0.9980 (resistance turned into support).
- On the downside any break below 0.9980 will drag the pair further down till 0.9950/0.9930 level.
- The pair's minor resistance is around 1.0075 and break above targets 1.0125/1.0200.
It is good to buy as dips around 1.0015-20 with SL around 0.9979 for the TP of 1.0135.
