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USD/CHF faces strong resistance around 1.000, break above targets 1.01250

  • Major resistance - 1.0000

  • Major support - 0.9900

  • The pair has made a high of 0.99886 and slightly declined from that level. It is currently trading  0.99725. Short term trend is slightly bullish as long as support 0.9900.

  • On the higher side any break above 1.000 will take the pair till 1.0035/1.00725/1.01300.

  • Major support is around 0.9900 and break below targets 0.9850/0.9780.

  • Overall bullish invalidation only below 0.9650.

It is good to buy above 1.000 with SL around 0.9950 for the TP 1.00725/1.0125.

 

 

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