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USDCHF has formed a rising wedge pattern in Daily chart. This pair is touching the upper line of wedge pattern. So It is now on resistance zone. If it can stay below this level, then we can see some bearish movement. If you sell bearish candle confirmation on this level, then you can sell this pair for short time. Traget will be 0.9680 level. On the other hand, If this pair break in the upside, then bullish rally can extend upto 0.9980.
Weekly Pivot, Support and Resistance
Resistance Two (R2): 0.9913
Resistance One (R1): 0.9847
Pivot Point: 0.9729
Support One (S1): 0.9663
Support Two (S2): 0.9545
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