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USDCHF Weekly Technical Analysis | December 6, 2014



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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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