rishililawat5

USD/CHF Technical Analysis.

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
Currently, USD/CHF is trading at 0.9095. The pair is consolidating in the resistance and support wedges . The price is moving towards its resistance level at 0.9133 and it can rebound back after touching resistance level . The pair is consolidating from some time but the overall trend is a downtrend. So, it is possible that after it rebounds from the resistance level , it can break its support level at 0.9061. If it breaks the support level , then its first target price will be at 0.8946 and the second target price will be at 0.8875.

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Rishikesh Lilawat

Comments

It is long bro dont waste people's money
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rishililawat5 marcoaziz85
@marcoaziz85, I don't know you noticed or not, but from April this pair is in down trend and when ever it has given upward move that was the part of the sideways trend.
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rishililawat5 rishililawat5
Reply
rishililawat5 marcoaziz85
@marcoaziz85, BTW I am not wasting people's money. I am a trader with 9 years of profitable trading experience and this is my technical view on this pair. Thanks for your comment.😊
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