USD/CHF Trade Idea
- Major resistance- 0.9690
- Major support - 0.9630
- The pair has broken major resistance 0.9690 and jumped till 0.9733.It is currently trading around 0.9704.
- Intraday trend is bullish as long as support 0.9630 holds. Any violation below 0.9630 will drag the pair down till 0.9580/0.9520/0.9500.
- Short term trend reversal only below 0.9500 level.
- On the higher side break above 0.9690 will take the pair to next level till 0.9750/0.9780/0.9800.
It is good to buy at dips around 0.9695 with SL around 0.9628 for the TP of 0.9780/0.9800
Resistance: R1-0.9750, R2-0.9780, R3-0.9800 Support: S1-0.9630, S2- 0.9575, S3-0.9500
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