Forex Trading - USD/CHF Technical Analysis - 31/March
By Praful Patat
USDCHF retraced at 0.9248 and backed from there, if continues going down then extension at 0.8692, 0.8402. USDCHF strong support at 0.9058 if break of this support then next target will be 0.9009 on intraday. Break of 0.9248 resistance further going up side toward 0.9349. In USDCHF minor support at 0.9140 and resistance at 0.9248.
Strategy: USDCHF buy from support or sell from resistance.
New High: 0.9229, 0.9280, 0.9234
New Low: 0.9127, 0.9178, 0.9132
Pivot: R3-0.9311, R2-0.9273, R1-0.9249, PP-0.9210, S1-0.9171, S2-0.9147, S3-0.9108.