USDCHF Weekly Technical Analysis (8-12 June,2015) | June 7, 2015

Usdchf is still facing resistance area at 0.9500 area. On daily chart, it is still below 200 moving average. Below this resistance area it can down more. Next target can be 0.9300 area. On weekly chart, spinning top candle has been formed. So it is still not sure about trend. So for trend confirmation we need to wait for next weekly candle to find new trend direction.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 0.9615

Resistance One (R1): 0.9502

Pivot Point: 0.939

Support One (S1): 0.9277

Support Two (S2): 0.9165