USD/CHF : Test of a major resistance
--- Follow up analysis ---
The bullish movement has continued at the beginning of the week on the pair USD/CHF who broke the major resistance at 0.9423. The last low made allowed us to draw a short term bullish slant (blue line in h1).
We continue to advise long positions as far as 0.9380 is support. The breakout of 0.9460 (level currently tested) will give a new buy signal and will allow the price to test another pyschological level at 0.95.
In case of return below 0.9380, we will be neutral between this level and 0.9341.
Analysis published by Bruno, the 11/08/2012 at 08h45 GMT+2
Chart of the pair USD/CHF - Timeframe 4H
Chart of the pair USD/CHF - Timeframe 1H
|USD/CHF Live Chart - Timeframe : 4h|
For more reports, go to Forextribe