USD/CHF

USD/CHF struggles to extend gains above 0.99 level, but at 0.9930 is lying strong resistance.

Early analysis this morning is pointing me to sell from this point with an exit later today to avoid tomorrow.

Sell = 0.994X

TP = 0.9899 with a view to extend

SL = Not set, will be watching only this today.

Just to add, I view this point as a strong resistance point and without much to push USD through in the UK session, I am on the sell side.

A very boring session

just sold 9943 ... still good upper numbers like 9951/63 but I think is about time to go down.

I bought. 0.9940

I sold at 9946 this morning and pretty much baby sat this all day without much reward.

I am still looking for downwards and expecting it today, sometime. please.

out 9943 @ 9939

just sold 9945

profit closed. 0.9954

Bulls are aiming 0.9960.

9949 is my latest sell

out @ 9941

only one sell remains from 9897

I have a few sell in, latest 9932/35, will see ...

sold. 0.9955

USDCHF is trading below the resistance level 0.99593 and is on the verge of breaking down of rising wedge pattern in a technical 4-hour chart. I expect the bearish momentum to continue for next trading hours, pair would get first support at 0.99492 and if it sustains below this level, then it will take second support at 0.99444. Further mounting pressure will force the pair to fall till level of 0.99295 after sustain below third support level at 0.99388. A solid selling of dollar will make it to fall till level of 0.99050 after failure to sustain above third support level at 0.99143

If it breaches the resistance level, then it could face second resistance at 0.99684 and may witness a climb till level of 0.99830 after breaching third and fourth support at 0.99712 & 0.99773

profit closed. 0.9938