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- USDCHF has declined till 0.94345 and shown a minor jump from that level. The pair hits high of 0.94957 after breaking minor trend line resistance and is currently trading around 0.94952.
- The main reason for recovery in USD/CHF was slight easing of trade war tensions between US and China. This has reduced demand of safe haven demand. The near term resistance is around 0.94960 (200- H MA) and any convincing break above will take the pair to next level till 0.9520/0.9550.
- On the lower side major support is around 0.9420 and any break below 0.9380/0.9350.The minor support is around 0.9480.
It is good to buy on dips around 0.9490 with SL around 0.9450 for the TP of 0.9550/0.9600.
