• The USD/CHF has slipped back towards 0.9725 levels, after failing to break above 0.9768 levels. The pair has been trading in a narrow range off late, and a strong rebound is expected to take place sooner or later around 0.9720 levels as this level has been strong recovery zone for the bulls.
• 
  The pair is trading around 0.9726 levels and it is expected advance further towards 0.9770 and 0.9820 levels in the short term.
  
  
• To the upside, the strong resistance can be seen at 0.9768, a break above this level would take the pair all the way towards 0.9800 levels.
  
  
• To the downside immediate support can be seen 0.9720, a break below this level will take the pair to next level at 0.9683.
  
  Recommendation: Go long above 0.9720, targets 0.9770, 0.9820, SL 0.9690
  
  Resistance Levels
  
  R1: 0.9768 (23.6% Retracement level)
  
  R2: 0.9794 (Oct 2nd high)
  
  R3: 0.9815 (Sep 28th high)
  
  Support Levels
  
  S1: 0.9720 (38.2% Retracement level)
  
  S2: 0.9683 (50% Retracement level)
  
  S3: 0.9650 (61.8% Retracement level)