Major support - 0.9900
USDCHF is trading in narrow range between 0.98944 and 0.99734 in past six trading days . US dollar was trading higher on declining US 10 year yield and yield inversion. But Brexit uncertainty is supporting safe haven demand currency such as Yen,Swiss franc etc. Markets eye US PCE ,Personal spending and Chicago PMI for further direction. The pair has formed temporary top around 1.01245 and is currently trading around 0.99620.
On the higher side, 0.9966 (89- day EMA) is acting as near by resistance and any break above will take the pair till 0.9995 (50- day MA)/1.0030/1.0060.
The near term support is around 0.9900 and any break below targets 0.9860/0.9785.
It is good to buy on dips around 0.9935-40 with SL around 0.9890 for TP of 1.0030.
