USD/CHF : Exit of the medium term bearish channel, what can be done?
--- Follow up analysis ---
The pair USD/CHF again got out of its medium term bearish channel (purple lines) and is currently testing the resistance at 0.9341. On the short terme, a bullish slant (blue line) has appeared.
We continue to advise short positions as far as 0.9341 is resistance. The breakout of the bullish slant will comfort our bearish feeling. We will then target a test of the support at 0.92.
In case of return above 0.9341, we will be neutral between this level and 0.9422. We will then advise to wait an exit of this range to take position.
Analysis published by Bruno, the 10/24/2012 at 08h50 GMT+2
Chart of the pair USD/CHF - Timeframe 4H
Chart of the pair USD/CHF - Timeframe 1H
|USD/CHF Live Chart - Timeframe : 4h|
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