• Ascending triangle formation seen on USD/CHF dailies, major support and resistance at 0.9630 and 0.9820 respectively
  
  
• Swiss franc stronger on Tuesday as risk aversion swept global markets, underpinning flows into haven currencies 
  
  
• USD/CHF slumped around 0.5 percent on the day to lows at 0.9687, and currently has paired some gains to trade at 0.9719
  
  
• The pair took support at daily Tenkan by 0.9685, breaks below Tenkan could take the pair to 0.9640 and further to 0.9630 levels 
  
  
• Immediate resistance on the upside is seen at 4h 50 MA at 0.9724 ahead of 0.9816 (Sept highs and then 0.9820 
  
  
• Pair could resume long-term bullish trend on breaks above 0.9820, bullish invalidation only below 0.9630 
  
  

Recommendation(Short-term): Good to buy dips around 0.9700, SL: 0.0.9680, TP: 0.9750