USDCHF is trading slightly weak in US session after weaker than expected US retail sales data. It has declined for the first time in 7 years and came at -0.3% vs forecast of 0.3%, the biggest drop since Feb 2019. US 10-year is holding steady despite weak US economic data. It is currently trading at around 1.744%. The spread between US 10-year and US 2-year has widened to 16 bps.
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 0.9940 and any break below will drag till 0.9900/0.9840/0.9770.
It is good to sell on rallies around 0.9978-80 with SL around 1.0030 for the TP of 0.9900.
