From fxtechstrategy.com
Read Full Story at fxtechstrategy.com USDCHF: The pair closed the week strongly higher wiping its previous week losses and opening the door for further gains. This development will leave the pair targeting the 0.9292 level where a break will aim at the 0.9340 level, its April 01’2011 high and possibly higher towards the 0.9400 level. Alternatively, support stands the 0.9013 level with a breach turning attention to the 0.8929 level. A reversal of roles as support is expected at this level but if that fails its Sept 15’2011 low at 0.8647 level will be aimed at. Below here will pave the way for a move further lower lower towards the 0.8574 level.
Read Full Story at fxtechstrategy.com USDCHF: The pair closed the week strongly higher wiping its previous week losses and opening the door for further gains. This development will leave the pair targeting the 0.9292 level where a break will aim at the 0.9340 level, its April 01’2011 high and possibly higher towards the 0.9400 level. Alternatively, support stands the 0.9013 level with a breach turning attention to the 0.8929 level. A reversal of roles as support is expected at this level but if that fails its Sept 15’2011 low at 0.8647 level will be aimed at. Below here will pave the way for a move further lower lower towards the 0.8574 level.
