USD/CHF: Technical Analysis
2012-10-16 12:47:56 (читать в оригинале)
Overview:
USD/CHF is trading with risks skewed lower. The rate is undermined by broadly weaker demand for safe-haven USD as risk sentiment improves.
Preference:
As technical indicators showing the downtrend, so it is recommended short positions below 0.9355 with targets at 0.9295 and 0.927 in extension.
Support Levels:
0.9291 (Oct. 8 low)
0.9270 (Oct. 5 low)
0.9235 (Sept. 14 reaction low)
Alternative scenario:
In case the price crossed the pivot point then adjust your positions. Above 0.9355 look for further upside with 0.937 and 0.939 as targets.
Resistance Levels:
0.9371 (Monday's high)
0.939 **** intraday Resistance
0.9418 (Thursday's high)
Comment:
As long as 0.9355 is resistance, decline to 0.9295 is likely. Daily chart is mixed as stochastics is bearish, but MACD is in bullish mode; five- and 15-day moving averages are meandering sideways.
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