USD/CHF Trade Idea

• Major resistance – 0.9580 (4H Tenken-Sen and Kijun-Sen)
   
• Major support – 0.9530
   
• The pair has once again retreated after making a slight recovery till 0.95720 level. It is currently trading around 0.9525.
   
• Intraday bullishness can be seen only above 0.9580 level. Any indicative break above 0.9580 will take the pair till 0.9630/0.9680.
   
• On the lower side break below 0.9530 will drag the pair down till 0.9480/0.9420/0.9390.
   
• Overall bearish invalidation can happen only above 0.9800.

It is good to sell on rallies around 0.9580 with SL around 0.9630 for the TP of 0.9480/0.9450

R1-0.9580

 R2-0.9630

R3-0.9680

Support

S1-0.9480

S2-0.9450

S3-0.9390