USDCHF Weekly Technical Analysis (23-27 March, 2015) | March 22, 2015

After 8 weeks, a bearish weekly candle has been formed on usdchf. This pair has dropped from near to its resistance area. It also covered its last weekly candle which is called bearish engulfing candle. With this bearish momentum, we can see bearish rally in the coming days. If we draw a fibo with this uptrend movement, then we can see that this pair is staying at 23.6% fibo level. If break this level, we can expect this pair on 38.2% fibo level. This fibo level will be good area for buy. We can target for buy from 0.9460 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.0280

Resistance One (R1): 1.0010

Pivot Point: 0.9820

Support One (S1): 0.9550

Support Two (S2): 0.9360