FX.co ★ USD/CHF, Technical analysis for November 26. (Weekly Strategy)

USD/CHF

The negative sentiment in the financial markets has pushed the US dollar/Swiss franc pair back up towards the pair's even point at 1.000. Despite the fact that the point presents a natural resistance level, in this case, the more meaningful resistance level on the pair is actually about 100 pips higher, around 1.0120 Swiss francs for one United States dollar.

Should the pair proceed to rise to this level, it will create an attractive opportunity for a sell deal with a horizon of descent down to the previous lows around 0.9660. It is worth noting that, should the deal be carried out, its first goal for a partial realization can be placed relative to the nearer support level around 0.9850.