Friday, September 28, 2012

USD/CHF intraday: under pressure.


Pivot: 0.939
Our preference: Short positions below 0.939 with targets @ 0.934 & 0.932 in extension.
Alternative scenario: Above 0.939 look for further upside with 0.9415 & 0.943 as targets.
Comment: the pair remains under pressure and is challenging its support.

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 ...