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- Major resistance – 0.9835 (200 day MA)
- Major short-term support- 0.9680
- The pair has recovered sharply after making a low of 0.9520. It is currently trading around 0.9740.
- USD/CHF faces strong resistance around 0.9830 and any break above targets 0.9870/0.9900.
- On the lower side major intraday support around 0.9680 and any break below targets 0.9630/0.9580/0.9550
- Overall bullish invalidation only below 0.9500.
- Any break below this level will drag the pair down till 0.9445/0.9370.
It is good to buy at dips around 0.9630-35 with SL around 0.9520 for the TP of 0.9780/0.9830
R1- 0.9780
R2-0.9830
R3-0.9900
Support
S1-0.9650
S2-0.9580
S3-0.9520
