USDCHF trades higher after breaking major resistance at 1.000 level and jumped till 1.00182 yesterday. It is currently trading around 1.0004.Swiss franc was trading weak on account of broad based US dollar buying. US dollar index trades higher for third consecutive days and jumped till 96.73.
The near term resistance is around 1.0020 and any break above targets 1.00680 high made on Jul 13th 2018. Any break above 1.00680 confirms further bullishness.
On the lower side, near term low made yesterday 0.9950 will be acting as major support and any break below targets 0.9905 (23.6% fib)/0.9840-50 (89- day EMA and 55- day EMA).
It is good to buy on dips around 0.9980 with SL around 0.9950 for the TP 1.00680
