USD/CHF breaks major support 0.9530, decline till 0.9480/0.9450 is possible

• 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 0.9540-45 with SL around 0.9580 for the TP of 0.9480/0.9450