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Short

USD/CHF faces resistance around 1.00350, good to sell on rallies

FX:USDCHF   U.S. Dollar / Swiss Franc
130 0 4
Major Resistance -1.00350 (Dec 4th high)

The pair has once again made a high of 1.00280 and started to decline from that level. Short term trend is still weak as long as resistance 1.00350 holds.

On the lower side minor support is around 0.9980 and break below targets 0.9945/0.9900 level.

Any break above 1.00350 will take the pair to next level around 1.00580/1.010.

It is good to sell on rallies around 1.0000 with SL around 1.00350 for the TP of 0.9945/0.9900

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