Major resistance - 1.0010
USD/CHF was trading lower for 3rd consecutive day on account of global stock market selling and declining 10-year yield. US Non Farm Payroll data which has been released on Friday came slightly weaker than expected. The huge sell-off in stock markets especially S&P500 has lost more than 3% on weak US bond yield and escalation of new tension between US and China is one of main reason for jump in Swiss franc. The pair hitting intraday low of 0.98700. It is currently trading around 0.98830.
On the lower side, near term support is around 0.98850. Any convincing break below will drag the pair till 0.9840 (200- day MA)/0.9800.Any daily close below 0.9840 confirms bearish continuation.
The major resistance is around 0.9920 and any break above targets 0.9950/0.9970 1.0010. The pair should break above 1.010 for the further bullishness.
It is good to sell on rallies around 0.9928-30 with SL around 0.9970 for the TP of 0.9845.


Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/CAD recovers slightly but trend is still bearish
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: AUD/USD hovers near three –month high, scope for further upside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 



