Technical analysis of USD/CHF for August 05, 2019

Overview: The weekly pivot point is set at the point of 0.9818 on the H4 chart since last week. The USD/CHF pair broke support which turned to strong resistance at the level of 0.9818. The level of 0.9818 coincides with a golden ratio (38.2% of Fibonacci), which is expected to act as major 0.9818 today. […]