USDCHF Technical Analysis (9-13 February,2015) | February 7, 2015

USDCHF has pulled back from the support level. 0.9160-.0.9190 area is minor support area for this pair. If this pair holds this support, it can start bullish rally again. This pair is ranging between 150-200 pips for last 5-6 trading days. So we can wait for breakout of this range. We can also from support area.


In Technical Indicators view

In daily chart, MACD indicator is giving neutral signal.

In daily chart, RSI indicator is also on neutral position.

All Moving averages are giving sell signal.
in summary, indicators are showing neutral. So our recommendation is to wait for breakout for the ranging zone.



Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.9426

Resistance One (R1): 0.9341

Pivot Point: 0.9257

Support One (S1): 0.9172

Support Two (S2): 0.9088