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- USD/CHF has formed a minor bottom around 0.94385 and recovered sharply from that level. The pair jumped till 0.95916 and is currently trading around 0.9580.
- In the daily chart, the pair is facing strong resistance around 0.9592 (21- EMA). Any break above will take the pair till 0.9700.
- On the lower side, major support is around 0.9440 and any daily close below will take the pair down till 0.9260 in the short term.
- Short term bearish invalidation only below 0.9700.
It is good to buy on dips around 0.9550 with SL around 0.9500 for the TP of 0.9640/0.9700.
