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03.12.2015 01:07 PM
Technical analysis of USD/CHF for December 3, 2015
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Overview:

  • The key level of the USD/CHF pair will be set at the level of 1.0302. Besides, the level of 1.0249 represents the weekly pivot point.
  • The support of the USD/CHF pair has already been set at 1.0145 this week.
  • Moreover, the weekly support 1 will be set at the same level. If the trend fails to close below the level of 1.0145, it will be a good opportunity to buy above 1.0145 with the first target at 1.0249 and then it will continue straight towards 1.0302 in the coming hours.
  • The price of 1.0302 represents the weekly resistance 1 and 1.0328 is going to form a double top on the H1 chart.
  • So, we expect a new range about 225 - 260 pips this week.

Intraday key levels:

  • Resistance 3:1.0393
  • Resistance 2:1.0350
  • Resistance 1:1.0266
  • Pivot Point:1.0223
  • Support 1:1.0139
  • Support 2:1.0096
  • Support 3:1.0012
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