- USD/CHF declining sharply after showing a minor jump till 0.97708. The pair is still weak as long as resistance 0.9808 holds. It is currently trading around 0.97340.
- Technically the pair has been facing strong resistance around 0.98080 (May 30th 2017 high) and any close above will take the pair till 0.9845/0.9900.
- On the lower side, major support is around 0.9615 and any break below will drag the pair down till 0.9580/0.9520 (161.8% retracement of 0.9614 and 0.97393).
It is good to buy on dips around 0.97000 with SL around 0.9645 for the TP of 0.9770/0.9808
