(05 MARCH 2019)USD/CHF:Key resistance at 1.0005.

(05 MARCH 2019)USD/CHF:Key resistance at 1.0005.

5 March 2019, 09:00
Jiming Huang
0
52

chf

Pivot (invalidation): 1.0005

Our preference

Short positions below 1.0005 with targets at 0.9970 & 0.9955 in extension.

Alternative scenario

Above 1.0005 look for further upside with 1.0020 & 1.0035 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.0005.

(By Swissquote TRADING CENTRAL)