Major resistance -0.9758 (200-2 H MA)
USDCHF is consolidating after jumping more than 100 pips. US 10 year yield rose more than 4% in the past three trading session and US2 year yield hits decade high at 2.740%. China has Said it will seek permission from WTO to impose sanctions of $7 billion on US goods.Swiss Franc prices were supported by geo political tensions between US and China.
On the higher side, any break above 0.9758 will take the pair to next level till 0.9800/0.9820/0.9845.
The near term support is around 0.9680 and any violation below targets 0.9640/0.9600.
It is good to buy on dips around 0.9725-30 with SL around 0.9690 for the TP of 0.9800/0.9818.