USD/CHF : Exit of the medium term bearish channel, what can be done?
--- Follow up analysis ---
The pair USD/CHF has continued its correction last week, leading by a bullish slant in h1 (blue line). The price is now back below the resistance at 0.9341. So, we are neutral between this level and 0.9422.
We advise to wait an exit of this range to take position:
- Long above 0.9422. We will then target a test of 0.95
- Short in case of return below 0.9341 (breakout of the short term slant). A test of 0.93 and 0.9250 in extension will be then expected.
Analysis published by Bruno, the 10/29/2012 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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