• Major resistance – 1.0180 (trend line joining 1.01187 and 1.01405).
   
• Major support – 0.9912 (200 –day MA).
   
• USD/CHF is consolidating after making a minor bottom around 0.99423 on Mar 17th 2017. The pair is facing intraday major resistance at 0.9985 and any break above that level will take the pair till 1/1.00294 (38.2% retracement of 1.01704 and 0.99423)/1.0065 (200- H MA). It is currently trading around 0.99818.
   
• On the lower side, 0.99120 will be acting as immediate support and any break below will drag the pair down till 0.9860.
   
• Short term bearish invalidation only below 0.98600.
  
  It is good to buy above 0.99850 with SL around 0.9945 for the TP of 1.00280/1.0060