• The USD/CHF pair initially rallied from 0.9720 levels to test minor resistance level at 0.9790 in the early European session. However, after failing to break resistance level at 0.9790, the pair has turned back towards 0.9720 support level. Currently pair is set to consolidate around 0.9740 and it is set reach 0.9800 and 0.830 levels as pair remains under bulls control unless until it trades above 0.9674 strong support level, therefore it is good to buy this pair around 0.9720 levels.
  
  
• To the upside, the strong resistance can be seen at 0.9770 (23.6% Retracement level), a break above this level would take the pair all the way towards 0.9800 resistance level.
  
  
• To the downside immediate support can be seen 0.9720, a break below this level will take the pair to next level at 0.9707 (Sep 22nd lows).
  
  Recommendation: Go long above 0.9680, targets 0.9750, 0.9780, SL 0.9580
  
  Resistance Levels
  
  R1: 0.9750 (Sep 22nd high)
  
  R2: 0.9770 (23.6% Retracement level)
  
  R3: 0.9790 (Oct 1st high)
  
  Support Levels
  
  S1: 0.9720 (38.2% Retracement level)
  
  S2: 0.9707 (Sep 22nd lows)
  
  S3: 0.9685 (50% Retracement level)