2016.05.1802:18:00UTC+00Usd/chf Breaks Major Resistance 0.9800, Jump Till 0.9920/1.000 Is Possible

• Major resistance- 0.9800
   
• Major support – 0.9745 (10 day EMA)
   
• USD/CHF has broken major resistance at 0.9800 on revived hopes of Fed rate hike. It is currently trading around 0.9825.
   
• Short term trend is slightly bullish as long as support 0.9745 (10 day EMA) holds.
   
• On the higher side any break above 0.9800 will take the pair to next level till 0.9900/0.9925/1.000.
   
• Short term trend reversal only below  0.9500.
   
• Any violation below 0.9745 will drag the pair down till 0.9680/0.9630.The minor support is around 0.9780.

It is good to buy at dips around 0.9820 with SL around  0.9745 for the TP of 0.9915/1.000