Major resistance - 1.0030
USDCHF has once again declined after showing a recovery till 0.99788 on Friday. The pair was halted its 6 days of bullishness and is currently trading around 0.99371. The easing US-China trade tension has supported this pair at lower levels. Markets eye further developments in trade talks for fur further direction.
Any trade deal will be positive and USDCHF is expected to trade above 1.00300. The decline from 1.02369 will complete at 0.98394 only if it breaks 1.0030. Minor resistance is around 0.99525/0.9980.
The minor support for the day stands at 0.9910 (200- H MA) and an hourly close below will drag the pair down till 0.9880/0.9840 (Oct month low).
It is good to sell on rallies around 0.9958-60 with SL around 1.000 for the TP of 0.9840.
