Forex - USD/CHF Technical Analysis (US Dollar / Swiss Franc)
By Roger Baettig | November 27, 2012 1:46 AM EST
|USD/CHF : Breakout of the medium term bullish slant|
--- Follow up analysis ---
The bearish movement has accelerated on the pair USD/CHF who broke its supports at 0.9334 and 0.9290 (new sell signals). This bearish rally is leading by a short term bearish slant (blue line). The price is now out of its short term bearish channel (black lines)
We continue to advise short positions as far as 0.9334 is resistance. A stay below 0.9290 will comfort our bearish feeling. Above, a pullback on 0.9334 stay possible. However, a pursuit of the movement towards the major support at 0.9217 is expected. This level rathers the lows of October.
In case of return above 0.9334, we will be neutral between this level and 0.9380.
Analysis published by Bruno, the 11/26/2012 at 08h45 GMT+2
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