USDCHF Technical Analysis (5-9 January,2015) | January 3, 2015

USDCHF continued its bullish rally. It touched it physiological level at 1.0000. This is key point for this pair. If it break this level, then we can see bullish rally again. It is also following a up trendline. So we need to catch this trend from every retracement.

In daily chart, this pair made some bullish candle which is showing bullish power. Weekly chart is also giving bullish signal. So we can go for buy on this pair. Buy zone lies on 0.9900 area. For buy, target will be 1.0000 and then 1.0055 level



Weekly Pivot, Support and Resistance


Resistance Two (R2): 1.0132

Resistance One (R1): 1.0072

Pivot Point: 0.9958

Support One (S1): 0.9898

Support Two (S2): 0.9784