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USD/CHF is consolidating between 1.0076 and 0.99967 for past two trading . It is currently trading around 1.00430.
- Short term trend is bullish as long as support 0.9980 holds.
- On the downside any break below 0.9980 (Resistance turned into support) will drag the pair further down till 0.9950/0.9930 level.
- Overall weakness can be seen only 0.9930.
- The pair's minor resistance is around 1.0075 and break above targets 1.0125/1.0200.
It is good to buy as dips around 1.0015-20 with SL around 0.9979 for the TP of 1.0135.
