- USD/CHF continues its losing streak and has broken support of 0.96650 low made on Jun 1st 2017. The pair declined till 0.9620 100% projection of 1.0342 to 0.9860 from 1.0099. Weekly bias is on the downside and any minor bullishness can be seen only above 0.9808 May 30th 2017 high.
- Any break above 0.9808 will take the pair till 0.9835 (38.2% retracement of 1.00998 and 0.96220)/0.9900/0.9925 (50- day MA).
- On the lower side, any break below 0.9617 will drag the pair down till 0.9580/0.95490 (Nov 9th 2016 low).
- Overall bearish invalidation only above 1.03435.
It is good to sell on rallies around 0.9700 with SL 0.9765 for the TP of 0.9617/0.9549.
