Technical analysis of USD/CHF for April 11, 2018


Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot point indicates a short position. The red lines show the support levels, and the green line indicates the resistance levels. These levels can be used to enter and exit trades.

Strategy: BUY, stop loss at 0.9535, take profit at 0.9610.

Resistance levels: 0.9610, 0.9635, and 0.9655

Support levels: 0.9510, 0.9485, and 0.9450.

The material has been provided by InstaForex Company -