Thursday, September 20, 2012

USD/CHF intraday: continuation of the rebound.


pivot: 0.9295
Our preference: Long positions above 0.9295 with targets @ 0.9335 & 0.937 in extension.
Alternative scenario: Below 0.9295 look for further downside with 0.9245 & 0.9225 as targets.
Comment: the break above the resistance at 0.9295 triggered an upward acceleration to 0.9335.

USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...