Wednesday, September 26, 2012

USD/CHF MT: under pressure.


Pivot: 0.9700
Our preference: Down move expected towards 0.9230 & 0.9030.
Alternative scenario: An upside breakout of 0.97 would call for further advance to 0.9950.
Comment:  the pair is posting a rebound but remains under pressure.

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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