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- USD/CHF has broken major support of 0.9613 after a long consolidation for past 20 days. Break of 0.9613 support confirms resumption of fall from 1.0343.The pair declined till 0.95920 and is currently trading around 0.95931.
- Break below the major support will drag the pair till 0.95493 (Nov 8th 2017 low)/0.94430 (May 3rd 2017 low).
- 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 0.9605-0.9610 with SL around 0.9680 for the TP of 0.9545/0.9450.
