Currently, USD/CHF is trading at 0.9095. The pair is consolidating in the resistance and support wedges. The price is moving towards its resistance level at 0.9133 and it can rebound back after touching resistance level. The pair is consolidating from some time but the overall trend is a downtrend. So, it is possible that after it rebounds from the resistance level, it can break its support level at 0.9061. If it breaks the support level, then its first target price will be at 0.8946 and the second target price will be at 0.8875.
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@marcoaziz85, I don't know you noticed or not, but from April this pair is in down trend and when ever it has given upward move that was the part of the sideways trend.
rishililawat5
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rishililawat5
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@marcoaziz85, BTW I am not wasting people's money. I am a trader with 9 years of profitable trading experience and this is my technical view on this pair. Thanks for your comment.😊