Currently, USD/CHF is trading at 0.9095. The pair is consolidating in the resistance and support . The price is moving towards its at 0.9133 and it can rebound back after touching . The pair is consolidating from some time but the overall trend is a downtrend. So, it is possible that after it rebounds from the , it can break its at 0.9061. If it breaks the , then its first target price will be at 0.8946 and the second target price will be at 0.8875.
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Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.