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- USD/CHF consolidates below 0.97260 and intraday bias is still neutral. The pair should break above 0.97260 for minor bullishness.
- Minor trend is bullish as long as support 0.9590 holds. Any break below will drag the pair down till 0.9550/0.9500. Overall bearish continuation only below 0.9440.
- The Pair’s major trend line resistance is around 0.97250 and any daily close above will confirm bullish continuation. Any close above will take the pair till 0.975 (89- EMA)/0.9808 (May 30th high)/0.9940 (200- day MA) is possible.
It is good to buy on dips around 0.96500 with SL around 0.9595 for the TP of 0.9770/0.9808.
