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USD/CHF Intraday: key resistance at 0.9625. - 05/04/2016 by ORBEX

orbex05042016 2

Pivot: 0.9625

Our preference: short positions below 0.9625 with targets @ 0.9550 & 0.9525 in extension.

Alternative scenario: above 0.9625 look for further upside with 0.9650 & 0.9675 as targets.

Comment: the RSI is mixed with a bearish bias.

 

Chart Caption

  - Green Lines Represent Resistances

  - Red Lines Represent Support Levels

  - Light Blue is a Pivot Point

  - Black represents the price when the report was produced

Source: www.orbex.com

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