Weekly technical levels for the USD/CHF pair.
Date: April 1, 2014 .
The movement of pivot point among resistances and supports.
If the price is at pivot point, watch for a move back to resistance 1 or support 1. If the price is at resistance 1, expect a move to resistance 2 or back towards pivot point. If the price is at support 1, expect a move to support 2 or back towards resistance 1. If the price is at support 2, expect a move to support 3 or back towards support 1. If the price is at resistance 2, expect a move to resistance 3 or back towards resistance 1.Notes: It should be noted that if there is no significant news to influence, the market price will be moving from pivot point to resistance 1 or support 1. But if there is significant news to influence, the market price may go straight through resistance 1 or support 1 and reaches resistance 2 or support 2 and even resistance 3 or support 3. The resistance will set at the level of 0.8915 this week. The double top is going to set at the 0.8898 price. The area of 0.8900 is useful spot to sell in the long term. We expect a range of 67 pips on April 1, 2014.