USD/CHF Technical Analysis (US Dollar / Swiss Franc)
February 1, 2013 2:01 AM EST
|USD/CHF : The Swiss Franc has not said its last word|
--- Follow up analysis ---
We continue to advise long positions as far as 0.9172 is resistance. A pullback on this level should not be excluded before a resume of the downtrend. The support being tested could lead to a technical rebound to that level which corresponds to the lower limit of the short term bearish channel , as well as a parallel of the medium term downtrend channel.
The break of 0.9090 will give a new sell signal. The price will then continue its movement towards the psychological threshold at 0.90. In case of return above 0.9172, we will be neutral between this level and 0.9250
Analysis published by Bruno, the 01/31/2013 at 08h50 GMT+2
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