Overview :
According to the previous events, the price of the USD/CHF pair has been still moving between the levels of 0.9870 and 0.9982. The resistance has been already set at the level of 0.9990 and the support stands at the level of 0.9868 (61.8% of Fibonacci retracement levels). Hence, we expect a range of 122 pips from today until tomorrow. Additionally, it should be noted that if the trend is ascending, the strength of the currency will be defined as follows: USD is in uptrend and CHF is in downtrend. Therefore, it will be good to buy above this area (0.9870) with the first target at 0.9957 in order to try to break the daily pivot point. Then, the price will be able to continue in uptrend towards the price of 0.9982 (a double bottom is going to be formed at the level of 0.9980 on H4 chart). On the other hand, the stop loss should be placed below the support of 0.9850.
Intraday technical levels :
Date:19/03/2015
Pair:USD/CHF
- R3: 1.0457
- R2: 1.0263
- R1: 1.0022
- PP: 0.9828
- S1: 0.9587
- S2: 0.9393
- S3: 0.9152
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 Technical analysis of USD/CHF for March 19, 2015 . Thanks for your support.
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