- USD/CHF is consolidating after hitting low of 0.92556 on Feb 2nd. The pair is trading between 0.93368 and 0.92550 for past two trading session. It is currently trading around 0.93155.
- Technically in the hourly chart, the pair is trading slightly above hourly Tenkan-Sen at 0.9303 and Kijun- sen 0.9307. The near term intraday resistance is around 0.93220 (trend line joining 0.93940 and 0.93368) and any break above targets 0.93765 (61.8% fibo)/0.945. Minor bullishness can be seen above 0.9450.
- On the lower side, near term support stands at 0.9280 and any break below will drag the pair to next level till 0.9250/0.9200.
It is good to buy above 0.9322 with SL around 0.9280 for the TP of 0.9445.
