FX.co ★ Technical analysis of USD/CHF for March 6, 2014

Forecast in the long term:

• According to previous events, the USD/CHF pair has still been trapped between 0.8900 and 0.8873.
• Strong resistance will be formed at the level of 0.8900 providing a clear signal for sell deals with the targets seen at 0.8875 nad 0.8834.
• Stop-loss is to be placed above 0.8935.
• Strong support will be formed at the level of 0.8830 providing a clear signal for buy deals with the target seen at the 0.8895 level.
• Stop-loss is to be placed below 0.8810.

Warnings:

• Stop loss should never exceed your maximum exposure amounts.
• As a rule, the market is highly volatile if the previous day had huge volatility,

Intraday technical levels:

Date and Time: 6/03/2014 11:23

Pair: USD/CHF

• R3: 0.8907
• R2: 0.8896
• R1: 0.8882
• PP: 0.8871
• S1: 0.8857
• S2: 0.8846
• S3: 0.8832