Major resistance - 0.9900
USDCHF is consolidating a narrow range between 0.98552 and 0.98998 for the past two trading days. Any major movement can be seen only after US NFP data. US economy is expected to add 180000 jobs vs 128000 in October, unemployment to remain unchanged at 3.6%. Average hourly earnings to gain 0.3% vs 0.2% previous month. It is currently trading around 0.98857.
On the flip side, near term support is around 0.9835 violation below will drag the pair down till 0.9800/0.9770.
The major resistance is around 0.9900, the break above will take the pair to the next level till 0.9925/0.99525. Major trend reversal only above 1.0030.
It is good to buy above 0.9900 with SL around 0.9860 for the TP of 1.000.
