USDCHF Weekly Technical Analysis (4-8 May, 2015) | May 2, 2015

Usdchf has broken its support area. After breaking this support level, this pair is falling. On daily chart, we can see a spinning candle on this pair. With the breakout of this daily candle we can take entry on the direction of breakout. If it breaks on upside we need to take buy and target will be 0.9455 area. And if it breaks on downside, then we can take sell entry and target will be 0.9200 area. So we need to wait for breakout of this daily candle.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.9719

Resistance One (R1): 0.9518

Pivot Point: 0.9396

Support One (S1): 0.9195

Support Two (S2): 0.9073