7987555 10/13/2017 2:51 PM, USD/CHF MT: key resistance at 1.0350.


Pivot: 1.0350


Our preference:

short positions below 1.0350 with targets at 0.9400 & 0.9050 in extension.


Alternative scenario:

above 1.0350 look for further upside with 1.0900 & 1.1270 as targets.


Comment:

The pair has broken below a rising trend line and has posted a pull back but remains capped by its declining 50-weeks moving average. Next targets are set at 0.9400at first and at 0.9050 in extension.


Supports and resistances:


1.1270

1.0900

1.0350


0.9930

Last

0.9400

0.9050

0.8700