• USD/CHF is trading weak after showing a minor jump till 0.99700 after better than expected US Q2 GDP data. US Q2 GDP came at 4.1% fastest pace in 4 years. The pair pared all the gains and declined more than 50 pips from the high. The slight weakness was due to increasing trade war tension has raised demand of safe haven asset like yen, Swiss franc and gold. US 10 year bond yield has jumped more than 2.5% from the low of 2.80%. US 2- year yield hits fresh 10 year high at 2.698% and spread between US -2 year and US 10 year yield has decreased from 23 points to 30 basis point. The downside is capped due to policy divergence between US fed and SNB. It is currently trading around 0.99247.  
   
• On the higher side, near term resistance is around 0.9946 (20- day MA) and any convincing above will take the pair to next level till 0.9970/1.000/1.00680/1.010.
   
• The near term major support stands at 0.9900 (55- day EMA) and any break below targets 0.9855/0.9800. The minor support is around 0.9975.
  
  It is good to buy on dips around 0.9900 with SL around 0.9850 for the TP of 1.000/1.010.