>The USD/CHF pair has slipped sharply to test strong support level at 0.9685, after finding renewed selling interest ahead of FOMC meeting. However, the pair is set to consolidate around 0.9685 levels, as the pair remains under bulls control unless until it trades above 0.9675 support level, therefore it is good to buy this pair around 0.0690.
>The pair is trading around 0.9714 levels and it is expected advance further towards 0.9760 and 0.9800 levels in the short term.
>To the upside, the strong resistance can be seen at 0.9740 (Sep 21st high), a break above this level would take the pair all the way towards 0.9753 (23.6% Retracement level).
>To the downside immediate support can be seen 0.9675, a break below this level will take the pair to next level at 0.9641 (61.8% Retracement level)
Recommendation: Go long above 0.9690, targets 0.9750, 0.9800, SL 0.9580
Resistance Levels
R1: 0.9710 (38.2% Retracement level)
R2: 0.9740 (Sep 21st high)
R3: 0.9753 (23.6% Retracement level)
Support Levels
S1: 0.9675 (50% Retracement level)
S2: 0.9641 (61.8% Retracement level)
S3: 0.9710(Sep 17 lows)
