USD/CHF has made a temporary high around 0.9740 and is struggling to break the high. Any indicative break above would extend gain to 0.9818/0.9883 (161.8% retracement of 0.96833 to 0.93595). The pair’s minor support is around 0.9650 and break below will target 0.9605/0.9550. Short term trend reversal only below 0.9550. Weekly major support-0.9550, major resistance -0.9740.
Recommendation: Buy USD/CHF around 0.9610, SL 0.9550, Target 0.9883.