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USDCHF Weekly Technical Analysis | December 13, 2014
USDCHF broke its rising wedge pattern. It failed to hold its bullish momentum and failed rapidly last week. So this pair is now on downward for short time. Below weekly pivot level, this pair remains downward rally. For sell entry, target will be 0.9555 level.If it break this support, then this pair can go 0.9400-0.9430 support area. On the other side, above 0.9732 level, this pair can resume its bullish rally again. This rally can extend upto key resistance at 1.1000 area.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 0.9917
Resistance One (R1): 0.9850
Pivot Point: 0.9732
Support One (S1): 0.9665
Support Two (S2): 0.9547
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