USD/CHFfaces strong resistance at 0.97710, break above targets 0.9847

• USD/CHF is consolidating after hitting high of 0.97643 on Friday. Intraday trend is still neutral as long as support 0.9640 holds.  It is currently trading around 0.97200.
   
• The pair minor bullishness can be seen only above 0.9770 (Jul 15th high) and any break above will take the pair till 0.9808 (May 30th 2017 high)/0.9847 (61.8% fibo).
   
• On the lower side, minor reversal can be seen below 0.9685 (23.6% retracement of 0.94385 and 0.97643) and any break below will drag the pair till 0.9645 (21- day EMA)/0.9560 (61.8% fibo)/0.9500. Overall bearish continuation only below 0.94385.

It is good to buy on dips around 0.9700 with SL around 0.9630 for the TP of 0.9808.