Wednesday, September 19, 2012

USD/CHF intraday: under pressure.


Pivot: 0.93.
Our preference: SHORT positions below 0.93 with 0.9245 & 0.9225 as next targets.
Alternative scenario: The upside penetration of 0.93 will call for a rebound towards 0.9335 & 0.937.
Comment: the pair has struck against its resistance and remains under pressure.

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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 ...