USDCHF is consolidating in a narrow range between 1.00266 and 0.99048 for the past 2-weeks. The slight easing of US-China trade tension has decreased demand for Safe-haven assets like yen, gold, and Swiss franc, etc. US-China trade talks have started with a positive note and the US has agreed to cancel the tariffs on $250 bn worth Chinese imports that were set to rise from 25% to 30% on Oct 15th. US 10- year jumped more than 17% from a low of 1.50 %.
On the higher side, any minor trend continuation if it breaks 1.0030, any violation targets 1.0060/1.0100. Major bullishness only above 1.0125. The near term major resistance is around 0.99525/0.9980.
The near term support is around 0.9900 and any break below will drag till 0.9840/0.9770.
It is good to buy on dips around 0.99425-50 with SL around 0.9900 for the TP of 1.0030.
