USD/CHF Trade idea

• Major support – 0.9850 (200 day MA)
   
• The pair has recovered sharply after making a low of 0.9835.It is currently trading around 0.98873.
   
• The pair is struggling to close below 200 day MA any weakness can be seen only below that level.
   
• On the lower side, major support is around 0.9835 and any indicative break below 0.9835 targets 0.980/0.9760 (90 day MA)/0.9680 in the short term.
   
• The major resistance is around 0.9905 and any break above targets 0.9960/1.000.

It is good to buy at dips around 0.9860 with SL around 0.9830 for the TP of 0.9905/0.9960

R1- 0.9905

 R2-0.9960

 R3-1.1000

Support

S1-0.9835

S2-0.9800

S3-0.9760