The pair held the 50Msma and started moving higher. USD/CHF has short-term support at 0.9175 (50Msma) and 0.9135. On a closing basis, until the price stands above these levels, the pair favors to buying on dips towards 0.94, 0.9456, and 0.95 in the short term. When a break and close is below 0.9135, USD/CHF will look for the nearest support at 0.90 and 0.8975. The pair opened with a minor bullish sign, but the daily and hourly oscillators are indicating that USD/CHF has entered an extremely overbought area. I hope some profit booking is in place. The pair has resistance at 0.9330 for the hourly trading perspective. We recommended selling at the cmp 0.9325. It looks weak below 0.9310. Safe trades can sell below 0.9310 with the targets at 0.9295, 0.9275, 0.9255, and 0.9240.
The pair has strong resistance at 0.94 (200Dema).
Intraday - sell at cmp, safe traders can sell below 0.9310.
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