USD/CHF faces strong trend line resistance around 0.9725, decline till 0.9595 is possible

USD/CHF has recovered after making a low of 0.9526. It is currently trading at 0.9680.

• Intraday trend is still weak as long as trend resistance 0.9725 holds.
• Any break above 0.9725 will take the pair to next level to 0.9750/0.9800.
• On the lower side minor support is around 0.9645 and break below will drag the pair further down till 0.9595/0.9545.

It is good to sell on rallies around 0.9665-70 with SL around 0.9725 for the TP of 0.9595/0.9550.