Updated the:
10/02/2012
USD/CHF : The bearish rally doesn't stop

Sentiment :
sentiment sur la parité EUR/CHF
0.9440
sentiment sur la parité EUR/CHF
0.94
sentiment sur la parité EUR/CHF


--- Follow up analysis ---
The pair USD/CHF has failed to pursuit its bearish rally these last days and the price made a test of the upper band of the medium term bearish channel (purple lines). However, the bearish trend is not in danger and the price got back below 0.94. On a shot term view, the price is currently testing the lower band of its bullish channel (black lines) in h1.

We continue to advise short positions as far as 0.94 is resistance. An exit of the channel in h1 will comfort our bearish feeling. We could then target a return on 0.93 and 0.92 in extension.

In case of return above 0.94, we will be again neutral between this level and 0.9440.
 
 

Analysis published by Bruno, the 10/02/2012 at 08h45 GMT+2

Full analysis



Chart of the pair USD/CHF - Timeframe 4H
USD/CHF Technical Analysis
 
Chart of the pair USD/CHF - Timeframe 1H
USD/CHF Technical Analysis



 

USD/CHF Live Chart - Timeframe : 4h
Chart USD/CHF BID

 

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