Friday, September 7, 2012

USD/CHF intraday: under pressure.


Pivot: 0.96.
Our Preference: SHORT positions below 0.957 with 0.952 & 0.95 in sight.
Alternative scenario: The upside penetration of 0.957 will call for a rebound towards 0.959 & 0.9615.
Comment: the pair is on the down side and is challenging its support.

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 ...