in ANALISA by hafid zaini

7640410 7/12/2017 3:49 PM, USD/CHF ST: under pressure.


Pivot: 0.9850


Our preference:

short positions below 0.9850 with targets at 0.9530 & 0.9440 in extension.


Alternative scenario:

above 0.9850 look for further upside with 1.0100 & 1.0210 as targets.


Comment:

as long as 0.9850 is resistance, look for choppy price action with a bearish bias.


Supports and resistances:


1.0210 *

1.0100 ***

0.9850 ***


0.9633

Last

0.9530 ***

0.9440 *

0.9275 *