USD/CHF has formed higher low and lower high. The pair hits high of 0.99707 and started to decline from that level. Short term trend is weak as long as resistance 1.000 holds. The escalating trade war between US and China supports Swiss franc. Markets eye US PPI and CPI data for further direction. The policy divergence will prevent the downside of USD/CHF.
The near term resistance is around 0.99780 and any break above will take the pair to next level till 1.000/1.00680. Any bullish continuation only above 1.00680.
On the lower side, minor support is around 0.9920 and any violation below will drag the pair down till 0.9900/0.9860/0.9835 (100- day MA)/0.9780 (Jun 7th 2018 low)/0.9755.
It is good to buy on dips around 0.9915-20 with SL around 0.9870 for the TP of 1.000/1.00680.
