• Major resistance – 1.03435 (Dec 15th 2016 high)
   
• Major support – 1.02179 (22nd Dec 2016 low)
   
• USD/CHF has once again retreated after jumping till 1.03212. The pair should break above temporary top of 1.03435 for further bullishness.
   
• The jump from 0.95493 and 1.03435 will come to end if the pair breaks below 1.02179 level. Any break below 1.02179 will drag the pair down till 1.01820/1.0150/1.00835 (Dec 14th low).
   
• On the higher side, break above 1.03435 will take the USD/CHF to next level till 1.04180 (161.8% retracement of 1.03435 and 1.02179) in the short term.
  
  It is good to sell on rallies around 1.0275-1.0280 with SL around 1.03435 for the TP of 1.0200/1.0155