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- USD/CHF has broken major support 0.9680 and declined till 0. is currently trading around 0.96770. The pair yesterday recovered till 0.9718 after making a low of 0.96675.
- Intra day trend is still weak as long as support 0.9725 holds.
- On the higher side minor resistance is around 0.9725 and break above would extend gains till 0.9750/0.9800/0.9825.
- Bearish invalidation only above 0.9800.
It is good to sell on rallies around 0.9695-.9700 with SL around 0.9745 for the TP of 0.9570
Resistance
R1- 0.9725
R2-0.9750
R3- 0.9800
Support
S1-0.9635
S2-0.9595
S3-0.9570
