Currently, USD/CHF is trading at 0.9687. On Monday, April 7 this pair started trading in downtrend after breaking its at 0.9762. The price is now moving towards its next support and first target at 0.9648. If it breaks next support at 0.9648 then it may hit its second target at 0.9577.
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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.