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    Technical analysis of USD/CHF for July 7, 2015

    USDCHFH4.png

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    Overview:

    • The quote of the USD/CHF pair is still moving between the prices of 0.9542 and 0.9362. Besides, it should be noted that the psychological level has been set at the 0.9441 price. Additionally, the double top is set at the point of 0.9542. Therefore, sell deals are recommended below the 0.9542 level with targets at the level of 0.9441. Moreover, the price of the USD/CHF pair is going to try breaking the daily pivot point at 0.9440 to call for the bearish market below 0.9362 in order to form a double bottom at this level on the H1 chart. For this reason, the price will continue moving towards the level of 0.9350/0.9338. At the same time, the stop loss should always be taken into account, so set your stop loss at the 0.9566 price (above the double top).

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