Wednesday, September 26, 2012

USD/CHF intraday: the upside prevails.


Pivot: 0.94.
Our preference: LONG positions above 0.935 with targets @ 0.94 & 0.942.
Alternative scenario: The downside breakout of 0.935 will open the way to 0.932 & 0.93.
Comment: the pair is on the upside and is challenging its resistance.

By at

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 ...

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