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FxWirePro: USD/CHF trades higher on rising 10 year yield, good to buy on dips

Major resistance -0.9770 (200-2 H MA)

USDCHF has recovered more 100 pips from the low of 0.96415 after positive jobs data and rising 10- year yield. US 10 year yield rose more than 2.5% in the past three trading session and US2 year yield hits decade high at 2.731%. Swiss Franc prices were supported by geo political tensions between US and China.

On the higher side, any break above 0.9770 will take the pair to next level till 0.9800/0.9820/0.9845.

The near term support is around 0.9680 and any violation below targets 0.9640/0.9600.

It is good to buy on dips around 0.9725-30 with SL around 0.9690 for the TP of 0.9800/0.9818.

 

 

 

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