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Major Resistance - 1.0020.
USDCHF is consolidating after a good recovery of more than 90 pips after a more than 110 pips decline from temporary top 1.010.The slight weakness in Swiss franc is due to easing US-China trade war.But Brexit uncertainty is factor to be watched. It is currently trading around 1.00130.
On the higher side, near term major resistance is around 1.0020 and any major bullishness only above that level. Any break above targets 1.00680/1.010. Any major trend reversal only above 1.01285.
The near term support is around 0.9980 and any violation below targets 0.9950/0.9910-0.9905 (200- day MA).
It is good to buy on dips around 0.9985-90 with SL around 0.9950 with TP of 1.00680/1.0100.
