USD/CHF well supported below 0.99, short on rallies

• Pair is currently trading at 0.9875 levels.
   
• It made intraday high at 0.9898 and low at 0.9875 levels.
   
• Pair rejects the 0.99 marks and took reversal from yesterday's high.
   
• A daily close above key resistance at 1.0073 levels will turn bias to bullish.
   
• On the other side, recent downfall will take the parity towards major support level at 0.9661 and 0.9475 thereafter.
   
• Initial resistance levels are seen at 0.9898, 0.9972 and 1.0073 marks.
   
• On the down side, key support levels are falls at 0.9714, 0.9661 and 0.9475 levels.

Trading Call:

Short USD/CHF at current rate around 0.9880, stop loss 1.0073 and target 0.9661levels.