USDCHF Weekly Technical Outlook (2-6 March, 2015) | March 1, 2015

Usdchf has continued its upward momentum. It is looking for more bullish rally. This pair is now staying below resistance area. 0.9535-0.9545 level is now acting as good resistance for this pair. We can consider that level as a key zone. If it can break that level we can see more bullish movement on this pair. We can see that this pair is following a up trend line. A bullish pin bar has been formed on trend line. So it also indicates its bullish momentum. So we can look for buy entry on this pair from near term resistance area. For buy entry we can target 0.9700 area.



Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.9651

Resistance One (R1): 0.9595

Pivot Point: 0.9489

Support One (S1): 0.9433

Support Two (S2): 0.9327