FxWirePro: USD/CHF trades higher on easing geopolitical tensions, good to buy on dips

• USD/CHF was trading higher and jumped more than 50 pips. It hits fresh 3- month high at 0.97926 and above major trend line resistance.  The Swiss franc was trading weak against all pairs as risk appetite increases and demand for safe haven assets such as yen and gold has been reduced. It is currently trading around 0.97816.
   
• US 10- year bond yield hits 2.99% yesterday highest level since Jan 10th 2014 on account of positive US economic data and rising inflation. Market awaits US Conference board consumer confidence data for further direction. The near term resistance is around 0.9800 and any convincing break above will take the pair to next level till 0.9845/0.9900.
   
• On the lower side near term support is around 0.9730 and any break below that level targets 0.9680/0.9620/0.9580/0.9520.The pair should break below 0.9420 for further weakness.            

It is good to buy on dips around 0.9735-40 with SL around 0.9700 for the TP of 0.9845/0.9900.