Monday, September 24, 2012

USD/CHF intraday: further upside.


Pivot: 0.93
Our preference: Long positions above 0.93 with  targets @ 0.938 7 0.94 in extension.
Alternative scenario: Below 0.93 look for further downside with 0.9275 & 0.9245 as targets.
Comment: the pair remains on the upside and is approaching its resistance.

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 ...