FxWirePro: USD/CHF upside capped by 10- day MA, good to buy on dips

• USD/CHF shown a minor recovery after forming a double bottom around 0.96900. The pair makes the low of 0.96938 and is currently trading around 0.97659.
   
• In the hourly chart the pair is facing strong resistance around 0.9785 (10- day MA) and minor bullishness only above that level.
   
• The pair has formed major top around 1.03435 and declined sharply from that level. The pair is facing strong support at 0.9690 and any further bearish continuation can be seen only if it closes below that trend line. The near term major support is around 0.96788 and break below targets 0.96170.
   
• On the higher side near term resistance is around 0.9785 and any break above will take the pair till 0.9820 (support turned into resistance)/0.9860.The pair is neutral phase for the long term and it should break above 1.03435 for further bullishness.

It is good to buy above 0.9720 with SL around 0.9680 for the TP of 0.9815/0.9860.