Once again the US dollar stood high against its peers after stronger US data and dovish comments from the ECB. The double strong performance of the US dollar pushed USD/CHF to a fresh 1-year high. In yesterday's session the pair gave a strong close of 90 pips. The pair made a high at 0.9738. Today traders eye the Swiss SECO consumer confidence data and US non-farm pay rolls. The parallel monthly resistance exists at 0.9751, above this, it can move towards 0.9838, 0.9972 and 1.0176 levels. We have been recommending the same targets for last month (October 06, 2014). In the daily chart, again the pair gave an upside breakout of 300 pips. The pair has support at 0.9680, below this, 0.9580 will act as the near-term support. In the weekly chart, the pair took support from the falling wedge upper trend line.

Today the pair opened below the previous close and was unable to breach the previous resistance. For an intraday view, we recommend buying above 0.9740 for targets at 0.9760, 0.9800 and 0.9835 levels. The intraday support levels exist between 0.9717 and 0.9700. Below 0.9700 the pair can correct towards 0.9660 levels. Use dips to buy for the higher targets.