USDCHF is trading higher for 5th consecutive day and jumped till 1.0020 highest level till mid Nov. DXY has rebounded sharply more than 100 pips after better than expected US Non farm payroll data. But US and China trade talks and Brexit uncertainty are major factors which are expected to increase demand for safe haven.The pair hits intraday high 1.00141 and is currently trading around 0.99839.
On the higher side, the pair is trading above parity level and this confirms further bullishness and a jump till 1.0068/1.0130.
The near term support is around 0.9950 and any break below will take the pair til 0.9900 (200- day MA).Any daily close below 0.9900 confirms major weakness.
It is good to buy on dips around 1.000 with SL around 0.9950 for the TP of 1.0130.
