- USD/CHF has recovered slightly till 0.9646 after breaking a major support at 0.9614. Break of 0.9613 support confirms resumption of fall from 1.0343.The pair declined till 0.95610 at the time of writing and is currently trading around 0.95792.
- The pair has closed slightly below major support of 0.9614 yesterday which confirms bearish continuation, a decline till 0.9459 (Nov 9th 2016 low)/ 0.9520 (Jun 23rd 2016 low).It should break below 0.94430 (May 3rd 2016 low) for long term trend reversal.
- Bearish invalidation can be seen only above 0.97708 (Jun 15th high). Any break above this level will take the pair till 0.9850/0.9900.
- Overall bearish invalidation only above 1.0345.
It is good to sell on rallies around 0.9635-0.9640 with SL around 0.9680 for the TP of 0.9545/0.9520.
