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- USD/CHF is consolidating after hitting high of 0.93763 yesterday. The pair shown a minor jump from yesterday low of 0.9295. It is currently trading around 0.93430.
- Technically in the hourly chart, the pair is trading slightly above hourly Tenkan-Sen at 0.9326 and Kijun- sen 0.9330. The near term intraday resistance is around 0.9370 (233- H MA) and any break above targets 0.945. Minor bullishness can be seen above 0.9450.
- On the lower side, near term support stands at 0.9280 and any break below will drag the pair to next level till 0.9250/0.9200.
It is good to buy on dips around 0.9320 with SL around 0.9280 for the TP of 0.9445.
