USD lost strength against major currencies on 3rd of June. Currently most pairs are targeting key areas. High momentum will be required to break out of these zones otherwise expect price to bounce of these upcoming zones.
USD/CHF, is currently trapped between Resistance and Support
Resistace at 0.9560 - 95270
Support at 0.94813 - 0.94570.
Asian session opened with a corrective move for USD/CHF. Expect USD/CHF to bounce off the upper resistance and target the support zone. Considering overall outlook for USD/CHF remain bullish as Ascending channel remains intact.
Current price offer a nice Intraday Counter trend Short opportunity at bounce from Resistance.
Best
Sardar Uddin
TradeCuts