USDCHF Technical Outlook (26-30 January,2015) | January 24, 2015

USDCHF has made ascending triangle. It is facing resistance at 0.8800-0.8810 area. If break this resistance this pair can start bullish rally. Target for bullish rally will be 0.9100 area. We can see, RSI is near 50 level. If RSI close above 50 level, then we can buy in this pair. On MACD, we can see down momentum has lost its power and it is near to 0.0 level. So with the breakout, we can get chance to buy in this pair.


In weekly chart, we can see bullish candle after big fall one week ago. This is a sign for some bullish power in this pair. Daily candle is also give bullish signal. So our recommendation is to wait for break resistance at 0.8810 area.



Weekly Pivot, Support and Resistance


Resistance Two (R2): 0.9047

Resistance One (R1): 0.8917

Pivot Point: 0.8705

Support One (S1): 0.8575

Support Two (S2): 0.8363