(06 AUGUST 2019)USD/CHF:Key resistance at 0.9740.

Pivot (invalidation): 0.9740

Our preference

Short positions below 0.9740 with targets at 0.9700 & 0.9685 in extension.

Alternative scenario

Above 0.9740 look for further upside with 0.9760 & 0.9780 as targets.

Comment

As Long as the resistance at 0.9740 is not surpassed, the risk of the break below 0.9700

remains high. 

(By Swissquote TRADING CENTRAL)