Wednesday, September 26, 2012

USD/CHF intraday: bullish bias above 0.935.


Pivot: 0.935
Our preference: Long positions above 0.935 with targets @ 0.94 & 0.942 in extension.
Alternative scenario: Below 0.935 look for further downside with 0.932 & 0.93 as targets.
Comment: the pair remains on the upside and is challenging its resistance.

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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 ...