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- USD/CHF formed a minor bottom around 0.95505 and shown a minor recovery for the past two trading days .It has jumped till 0.96425 and is currently trading around 0.96305.
- The decline from 1.00998 will come to an end at 0.95504 if the pair breaks above 0.9808 high made on May 30th 2017.
- On the lower side, major bearish continuation can be seen below 0.9440. The near term support is around 0.9550/0.9520/0.9490.
- USD/CHF upside capped by 10- day MA at 0.9659 and minor jump till 0.96877 (61.8% retracement of 0.97708 and 0.95504)/0.9710.
It is good to buy on dips around 0.9580 with SL around 0.9550 for the TP of 0.9675/0.9710.
