Major Resistance - 1.0020.
USDCHF has halted its 2-week of bearish trend and jumped more than 90 pips form low of 0.99265 made on Friday.The pair has formed temporary top around 1.0100 and shown a decline of more than 150 pips on ongoing global uncertainty. It is currently trading around 1.00130.
On the higher side, near term major resistance is around 1.0030 and any major bullishness only above that level. Any break above targets 1.00680/1.010. Any major trend reversal only above 1.01285.
The near term support is around 0.9970 and any violation below targets 0.9910-0.99050 (200- day MA).
It is good to buy on dips around 1.000 with SL around 0.9965 with TP of 1.00680/1.0100.
Resistance
R1- 1.0020
R2 -1.00680
R3-1.010
Support
S1- 0.9950
S2- 0.9900
S3- 0.9860
