Major trend line resistance - 1.02500
USDCHF has once declined after showing minor jump above 1.0200 level. It hits high of 1.02158 and shown a minor decline from that level.US dollar index halted its one month winning streak and lost more than 50 pips on broad based US dollar selling.US consumer spending jumped 0.9% in Mar compared to forecast of 0.7% highest monthly gains in past 10 years and annual core PCE price index came at 1.6% compared to forecast of 1.7% lowest rate since Sep 2017. Markets eye US Fed monetary policy for further direction.
The near term support is around 1.0184 (7- day MA) and any break below will take the pair to next level till 1.0162 (10- day MA)/1.0125/1.0100.
The major resistance is around 1.02500 and any convincing break above targets 1.0300/1.03400.
It is good to sell on rallies around 1.01890-910 with SL around 1.0230 for the TP of 1.0125/1.0100.
