Major resistance -0.9770 (200-2 H MA)
USDCHF has recovered more 100 pips from the low of 0.96415 after positive jobs data and rising 10- year yield. US 10 year yield rose more than 2.5% in the past three trading session and US2 year yield hits decade high at 2.731%. Swiss Franc prices were supported by geo political tensions between US and China.
On the higher side, any break above 0.9770 will take the pair to next level till 0.9800/0.9820/0.9845.
The near term support is around 0.9680 and any violation below targets 0.9640/0.9600.
It is good to buy on dips around 0.9725-30 with SL around 0.9690 for the TP of 0.9800/0.9818.
