• Major resistance – 1.0180 (trend line joining 1.01187 and 1.01405)
   
• Major support – 0.9908 (200 –day MA).
   
• USD/CHF broken the support of 0.9960 and declined till 0.99423. It is currently trading around 0.99640.
   
• The pair should break above 1.0000 for minor jump till 1.00295/1.0060.
   
• On the lower side,0.9908 will be acting as immediate support and any break below will drag the pair down till 0.9860.
   
• Short term bullish invalidation only below 0.98600 (Jan 31st 2017 low).
  
  It is good to buy on dips around 0.99625-0.99650 with SL around 0.9908 for the TP of 1.00179/1.0040