Thursday, September 13, 2012

USD/CHF intraday: under pressure.


Pivot: 0.94.
Our preference: SHORT positions below 0.9405 with targets @ 0.933 & 0.929.
Alternative scenario: the upside breakout of 0.9405 will open the way to 0.944 & 0.948.
Comment: the pair stands below its new resistance and remains on the downside.

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 ...