Wednesday, September 5, 2012

USD/CHF MT: the upside prevails.


Pivot 0.9420
Our preference: Up move expected towards 0.9950 & 1.0050
Alternative scenario: A downside break out of 0.9420 would call for further drop to 0.9330.
Comment: the pair is facing a pull back on its new support ahead of further advance.


By at

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 ...