Currently, USD/CHF is trading at 0.9441. The pair may start a new up trend after breaking the resistance level at 0.9445. Previously, the pair was trading in down trend from a long time in the descending triangle resistance and support wedges. If the pair starts a new up trend by breaking the resistance level, then its first target price will be at 0.9589 and second target price will be at 0.9678.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat