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Short

USD/CHF retreats after making a high of 0.9900, targets 0.9720

FX:USDCHF   U.S. Dollar / Swiss Franc
132 1 4
USD/CHF             has made a high of 0.9902 and declined from that level. Overall trend is bearish as long as resistance 0.9900 holds.

On the downside minor support is around 0.9820 and any break below targets 0.9780/0.9720.

The minor resistance is around 0.9850 and break would extend gains till 0.9900.

The major resistance is around 0.9925 (1.618 times projection of 0.9151-0.9516 measuring from 0.9330)

Bullish invalidation only below 0.9720 level.

It is good to sell on rallies around 0.98150-20 with SL around 0.9860 for the TP of 0.9755/0
thank you
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