• USD/CHF formed a minor bottom around 0.98552 and jumped sharply from that level yesterday. The pair has broken major psychological resistance at 1.100 and closed well above that level.
   
• The decline from 1.0170 has come to end as the pair trades above 1.0107 and a further jump till 1.0255/1.03435 is possible. Any break above 1.03420 is needed to confirm underlying bullish momentum.
   
• On the lower side, major support is around 1.00340 (23.6% retracement of 0.9855 and 1.00904) and any break below will drag the pair till 1.000/0.9950.
   
• Short term bullish invalidation only below 0.9855.
  
  It is good to buy on dips around 1.0035 with SL around 0.9990 for the TP of 1.010/1.0170.