Thursday, September 6, 2012

USD/CHF intraday: under pressure.


Pivot: 0.96.
 Our Preference: SHORT positions below 0.959 with 0.952 as next targets.
Alternative scenario: The upside penetration of 0.959 will call for a rebound towards 0.9615 & 0.9635.
Comment: the pair is rebounding and is approaching its next 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 ...