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Major resistance - 1.00680
USD/CHF is trading higher after minor weakness. The pair hits high of 1.00267 and shown a minor decline till 0.99633. It is currently trading around 1.0009. The broad based buying in USD is supporting prices. But Italian budget crisis and Brexit uncertainty will prevent Swiss franc from further falling.
On the higher side, near term resistance is around 1.00680 and any break above targets 1.010/1.0175.
The near term support is around 0.9959 (55- 4H EMA) and any break below targets 0.99180 (61.8% fib)/0.9845.
It is good to buy on dips around 0.9950 with SL around 0.9900 for the TP of 1.00680/1.010.
