FxWirePro: USD/CHF consolidates in narrow range, break above 1.0040 confirms minor bullishness

• USD/CHF is consolidating in narrow range between 1.00390 and 0.99387 for the past five trading session. The pair declined till 0.99491 and recovered sharply till 0.99997. It is currently trading around 0.99984.
        
• Major economic data in US session to be released are US Non-Farm Payroll. Any better than expected US NFP data will take the pair to next level till 1.0040. Short term trend is still positive as long as 7- day MA at 0.9930 holds.
   
• Technically, near term support stands at 0.9930 (7- day MA) and any break below will drag the pair to next level till 0.9900/0.9860 (233- H MA). Short term trend is still bullish as long as support 0.9930 holds.
   
• The major resistance is around 1.000 and any break above will take the pair to next level till 1.0040/1.0100. Short term trend reversal can be seen below 0.9705. Overall weakness only below 0.9420.

It is good to buy on dips around 0.9950 with SL around 0.9900 for the TP of 1.0040/1.0100/1.0170.