USD/CHF Trade Idea

• Major support – 0.9630 (trend line joining 0.91136 and 0.9257)
   
• The pair has broken minor support 0.9680 and declined till 0.96432 at the time of writing. It is currently trading around 0.96516.
   
• Short term trend is slightly bullish as long as support 0.9630 holds.
   
• Any break below 0.9630 will drag the pair down till 0.9580/0.9530 in short term.
   
• On the higher side any trend reversal can happen only above 0.9800.
   
• The minor resistance is around 0.9680 and break above targets 0.9720/0.9750/0.9780 level.
   
• MACD- Bullish Divergence

It is good to buy at dips around 0.9635 with SL around 0.9600 for the TP of 0.9680/0.9725

R1-0.9680

 R2-0.9755

R3- 0.9800

Support

S1-0.9630

S2-0.9580

S3-0.9525