
USD/CHF Intraday: Under Pressure
2012-11-14 14:07:33 (читать в оригинале)

Overview:
USD/CHF is consolidating after hitting two-month high of 0.9515 on Tuesday. The rate is underpinned by broadly stronger demand for safe-haven USD amid negative risk sentiment. But USD/CHF upside is limited by CHF demand on soft EUR/CHF cross.
Preference:
Sell below 0.9515 with targets 0.944 and 0.941 in extension.
Support Levels:
S1 - 0.944
S2 - 0.941
S3 - 0.9374 (Nov. 7 low)
Alternative scenario:
Buy above 0.9515. Above 0.9515 look for further upside with 0.9545 and 0.958 as targets.
Resistance Levels:
R1 - 0.9545
R2 - 0.958
R3 - 0.9591 (50% Fibonacci retracement of decline from July 24 high of 0.9972 to Oct. 17 low of 0.9210)
Technical Comment:
The pair has validated a rising wedge and remains under pressure. Daily chart is mixed as MACD is bullish, 5- & 15-day moving averages are rising; but stochastics has turned bearish at overbought.
The material has been provided by Instaforex Company - instaforex.com