USD/CHF faces strong resistance at 0.9690, good to sell on rall

• Major support – 0.9580
   
• Major resistance – 0.9690 (Jun 16th high)
   
• The pair has formed temporary top around 0.9686 and started to decline from that level. It is currently trading at 0.95958.
   
• On the downside firm break below 0.9580 confirms rebound from 0.9578 has ended and a further decline till 0.9500/0.9445 is possible.
   
• The greenback major resistance is at 0.9640 (daily Tenken-sen) and any break above will take the pair to next immediate resistance at 0.9690/0.9765 (50 % retracement of 0.99508 and 0.95780)/0.9780.
   
• The price should break above 0.9780 for further bullishness.

.It is good to sell on rallies around 0.9625-0.9630 with SL around 0.9690 for the TP of 0.9500/0.9445.