Overview :
- The price of USD/CHF pair has still been moving between the price of 0.9491 and the 0.9584 price. A psychological level has set at the 0.9491 price because the weekly pivot point has placed at the same level (0.9491). Moreover, the weekly resistance is set at 0.9584. Therefore, sell deals are recommended below the 0. 9584 level with targets at the level of 0.9491 in order to test the weekly pivot point at this level in H1 chart. Hence, the price of the USD/CHF pair is going to try to break the weekly pivot point at 0.9491 to call for the bearish market below 0.9477. Thus, the price will go further towards the level of 0.9425. The major support has been placed at the price of 0.9425. The stop loss should always be taken into account, so it will be of the wisdom to set your stop loss at the 0.9605 price.
The weekly technical levels of USD/CHF pair.
The material has been provided by InstaForex Company - www.instaforex.com
For detail explanation and best discovery on daily market trends and news you may visit via Weekly technical levels of USD/CHF for October 27-31, 2014 . Thanks for your support.
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