- Pair is currently trading around 0.9721 levels.
- It made intraday high at 0.9745 levels and low around 0.9709 levels.
- Intraday bias in USD/CHF remains on the downside at this point.
- Above 1.0078 major resistance levels will turn bias back to the upside.
- Current decline should now target 0.9475 key support levels next.
- Initial resistance levels are seen at 0.9835, 0.9943 and 1.0068 levels.
- Major support levels are seen around 0.9656, 0.9585 and 0.9475 levels.
We prefer to take short position in USD/CHF around 0.9750 levels, stop loss at 0.9875 and target at 0.9611 levels.
