Overview:
- The resistance got broken at the level of 0.9537 and turned to support since the April 17, 2015. Also, it should be noted that the level of 0.9537 represents the ratio of 11.8% Fibonacci retracement levels and the double bottom set at the point of 0.9494. Moreover, the area between 0.9494/0.9537 is going to become support this week. So, according to previous events, the price of USD/CHF pair will move between the levels of 0.9537 and 0.9635. Additionally, the psychological level has been set at 0.9581 because it acts as minor resistance. Also, the double top will be set at 0.9635. Therefore, it will be of the sagacity to buy above the level of 0.9537 with the first target at 0.9581. Equally important, the USD/CHF pair is going to try to break the minor resistance at 0.9581 to call for the bullish market above 0.9630. In consequence, the price is likely to move towards the double top (0.9535). On the other hand, the stop loss should always be taken into account, thus it will be of the foresight to set your stop loss at 0.9480.
