USD/CHF Trade Idea

• Major resistance- 0.9690
   
• Major support - 0.9630
   
• The pair has broken major resistance 0.9690 and jumped till 0.9733.It is currently trading around 0.9704.
   
• Intraday trend is bullish as long as support 0.9630 holds. Any violation below 0.9630 will drag the pair down till 0.9580/0.9520/0.9500.
   
• Short term trend reversal only below 0.9500 level.
   
• On the higher side break above 0.9690 will take the pair to next level  till 0.9750/0.9780/0.9800.

It is good to buy at dips around 0.9695 with SL around 0.9628 for the TP of 0.9780/0.9800

R1-0.9750

 R2-0.9780

R3-0.9800

Support

S1-0.9630

S2- 0.9575

S3-0.9500