- USD/CHF has jumped almost 70 pips from the low of 0.93398 made today. The pair broken the yesterday high of 0.93980 and is currently trading around 0.93996.
- Technically in the 4 hour chart, the pair is trading slightly above Tenkan-Sen at 0.9327 and Kijun- sen at 0.9350. The near term intraday resistance is around 0.9400 and any break above targets 0.945/0.9500. Minor bullishness can be seen above 0.9450.
- On the lower side, near term support stands at 0.9320 and any break below will drag the pair to next level till 0.9280/0.9200.
It is good to buy on dips around 0.9385-90 with SL around 0.9330 for the TP of 0.9445/0.9500.
