- USD/CHF has recovered slightly till 0.95944 after hitting low of 0.9550. The downside is capped by 0.9548 and any break below confirms further weakness. It is currently trading around 0.95737.
- The pair near term support is around 0.95480 (Nov 9th 2016 low) and any break below will drag the pair till 0.9520 (Jun 23rd 2016 low)/0.9490.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. The minor resistance is around 0.9650/0.9680.
- Overall bearish invalidation only above 1.0345.
It is good to sell on rallies around 0.9640 with SL around 0.9680 for the TP of 0.9555/0.9520
