Long-term review
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Overview:
- The key level of the USD/CHF pair will be set at the level of 1.0302. Besides, the level of 1.0249 represents the weekly pivot point.
- The support of the USD/CHF pair has already been set at 1.0145 this week.
- Moreover, the weekly support 1 will be set at the same level. If the trend fails to close below the level of 1.0145, it will be a good opportunity to buy above 1.0145 with the first target at 1.0249 and then it will continue straight towards 1.0302 in the coming hours.
- The price of 1.0302 represents the weekly resistance 1 and 1.0328 is going to form a double top on the H1 chart.
- So, we expect a new range about 225 - 260 pips this week.
Intraday key levels:
- Resistance 3:1.0393
- Resistance 2:1.0350
- Resistance 1:1.0266
- Pivot Point:1.0223
- Support 1:1.0139
- Support 2:1.0096
- Support 3:1.0012
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