- Major resistance – 1.03350 (Channel resistance).
- Major intraday support – 1.00550 (Dec 29th 2016 low).
- USD/CHF has made a low of 1.00869 and jumped till 1.01922. It is currently trading around 1.01805.
- The jump from 0.95493 and 1.03435 will come to end if the pair breaks below 1.0050 level. Any break below 1.0050 will drag the pair down till 1/0.9909/0.9830 (200- day MA)The minor support is around 1.0150/1.0080.
- On the higher side, break above 1.0209 (89- 4H EMA) will take the USD/CHF to next level till 1.0345 (Dec 15th 2016 high)/1.04180 (161.8% retracement of 1.03435 and 1.02179) in the short term. The minor resistance is around 1.0180/1.0220.
It is good to buy on dips around 1.0135-1.0140 with SL around 1.0080 for the TP of 1.0210/1.0260
Resistance
R1-1.0290
R2-1.2600
R3- 1.03435
Support
S1-1.0150
S2-1.0080
S3- 1.0055


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