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USD/CHF has declined till 0.96695 aftermaking a highof 0. is currently trading at 0.9704.
- Thepair is facing strong trend line resistance around 0.9770 and any intraday jump can be seen only above that level.
- Overall trend is weak as long as resistance 0.9800 holds.
- Any break above 0.9770 will take the pair till 0.9800/0.9825.
- On the lowerside major support is around 0.9680 and break below will drag the pair further down till 0.96325/0.9595.
It is good to sell on rallies around 0.9740 with SL around 0.9770 for the TP of 0.9680/0.9635
Resistance
R1- 0.9770
R2-0.9800
R3- 0.9830
Support
S1-0.9680
S2-0.9635
S3-0.9595
