USD/CHF Intraday outlook

• Pair is currently trading around 1.0182 levels.
   
• It made intraday high at 1.0201 levels and low around 1.0177 levels.
   
• Intraday bias remains bearish below 1.0256 levels.
   
• Strong resistance below 1.0327 to bring near term reversal.
   
• On the downside, below 1.0110 minor support levels will turn bias neutral first.
   
• Meanwhile, break of 0.9989 support will indicate completion of such rebound and turn bias to the downside for a test on 0.9784 low.
   
• Today Swiss retail sales data will be key focus in European hours; market expects -1.3% change vs -2.1% previous release.
   
• Initial resistance levels are seen at 1.0256, 1.0296 and 1.0340 levels.
   
• Major support levels are seen around 1.0150, 1.0105 and 1.0063 levels.

We prefer to take short position in USD/CHF above 1.0200 levels, stop loss at 1.0256 and target at 1.0063 levels.