USDCHF Weekly Technical Analysis (18-22 May,2015) | May 16, 2015

A bullish bat pattern has been formed on h4 time frame on usdchf. We can expect bullish movement on this pair. After forming bullish harmonic pattern, this pair started bullish rally. But at the end of last week, it fell again. Still we can stay on bullish side above recent support level. So we can look for buy entry on this pair. 0.9100 will be good buy zone for this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.9476

Resistance One (R1): 0.9315

Pivot Point: 0.9196

Support One (S1): 0.9035

Support Two (S2): 0.8916