USD/CHF on strong support level.

FX:USDCHF   U.S. Dollar / Swiss Franc
Currently, USD/CHF is trading at 0.9033. The pair is trading in between resistance and support wedges from last 4 months and now the price has touched the support level. It can rebound back from here to start a new up trend. If the price moves upward and break 0.9068 price level, then it can move towards its resistance and its first target price will be at 0.9151 and second target price at 0.9202.

Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.

Do follow us for future Forex trend analysis and Ideas.

Thank you,

Rishikesh Lilawat

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.