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USD/CHF : Test of the major support at 0.95

Sentiment :

--- Follow up analysis ---
At the beginning of the last week, the pair USD/CHF made a pullback on 0.96 before a new bearish wave which led the price below the major support at 0.95 (new sell signal). Currently, the pair is testing the next support at 0.9450.

In h4, the price is still moving below its bearish slant (purple line). In h1, the pair got back into its bearish channel (black lines). We continue to advise short positions as far as 0.9580 is resistance. The breakout of 0.9450 will give a new sell signal and will open the way towards 0.94 and 0.9350.

In case of return above 0.9580, we will be neutral between this level and 0.9624.

Analysis published by Bruno, the 09/10/2012 at 8h45 GMT+2

Full analysis

Complete sheet of the pair USD/CHF - Previous USD/CHF Analysis
Chart of the pair USD/CHF - Timeframe 4H
Chart of the pair USD/CHF - Timeframe 1H
USD/CHF Live Chart - Timeframe : 4h