USD CHF weekly : expect downside up to 0.95

usd chf forex technical analysis for 21 to 25 march 2016

usd chf forex technical analysis for 21 to 25 march 2016

Usd chf forex pair this week closed with loss. This was third weekly loss for us dollar against Swiss franc. On weekly chart price trend is bullish but momentum is weak on profit booking and correction. Pair is heading towards major average level of 0.95 to test it.   On upside 0.9820 and 0.99 are strong resistances as well as stop loss levels for short sellers. On downside 0.95 and then 0.9165 are support zones as well as target levels for us dollar.

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