• Major resistance – 1.03284 (Nov 27th 2016 high).
   
• Major support -1.00780
   
• USD/CHF trades higher and breaks major resistance at 1.02135 after Fed hiked interest rates by 25bpbs.
   
• Fed hiked interest rate first time in 2016 and is expected to hike three times in 2017 compared to forecast of two times. The CME groups Fed watch Probability for a June 2017 hike increased from 57.7% to 78% after central bank announcement.  
   
• Technically any break above temporary top confirms bullishness, a jump till 1.30280 is possible.
   
• On the lower side support, minor support stands at 1.0150 (5- day MA) and below that level targets 1.00780/1.0020. It should close below 1.0020 for further weakness.
  
   It is good to buy on dips around 1.02150 with SL around 1.0150 for the TP of 1.03280