|USD/CHF : Test of the major support at 0.95|
--- Follow up analysis ---
The pair USD/CHF has continued its bearish movement and the breakouts of 0.9450 and 0.94 both gave us a new sell signal. In h1, the price is still moving into its bearish channel (black lines). In h4, the pair is currently testing the lower band of the bearish channel (purple lines).
We continue to advise short positions as far as 0.95 is resistance. The breakout of 0.9350 will give a new sell signal and will allow the pair to pursuit its bearish movement towards the support at 0.93.
In case of return above 0.95, we will be neutral between this level and 0.9623.
Analysis published by Bruno, the 09/10/2012 at 8h45 GMT+2
|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|