USD/CHF trades well below 200 day MA, decline till 0.9680/0.9635 likely

• Major support – 0.9819 (21 day MA).
   
• The pair has broken major support 0.9819 and declined till 0.97497 at the time of writing.It is currently trading around 0.97550.
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• The pair has made a high of 0.9866 yesterday and declined from that level. The daily close below 0.9819 (21 day MA) confirms the major trend reversal.
   
• On the lower side, major support is around 0.9750 and any indicative break below 0.9750 targets 0.9680/0.9630 in the short term.
   
• The major resistance is around 0.9800 and any break above targets 0.9850/0.9905/0.9960.

It is good to sell on rallies around 0.9800 SL around 0.9850 for the TP of 0.9740/0.9680