USDCHF Weekly Technical Analysis (1-5 June,2015) | May 30, 2015

Usdchf has rejected from near term resistance and 200 ema on weekly chart. This pair respected 200 ema most of the time on weekly chart. So we can expect some down movement as per experience of the history of this pair. Rejection pin bar has been formed on weekly candle on this level. So this is good signal for sell on this pair. We also need confirmation for taking sell on H4 time frame on the next week.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.9626

Resistance One (R1): 0.9512

Pivot Point: 0.943

Support One (S1): 0.9316

Support Two (S2): 0.9234