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Mar 16
USD/CHF Analysis-July 04,2011
Monday, 04 July 2011 04:37

USD / CHF Intraday Analysis - July 4, 2011: Testing Level 0.8389

Yesterday: Open 0.8414 High 0.8526 Low 0.8402 Close 0.8480

Towards the European trading began yesterday, Frank had a bullish movement until the past few pips from the resistance level at 0.8486 and combing those levels back up to the daily closing level at 0.8480.

The focus of today's economic data for USD / CHF are:
1. CHF Retail Sales y / y at 14:15 pm
2. USD Bank Holiday "Independence Day" 



Currently seen Frank in a sideways conditions.

When you have the opportunity to increase the resistance level 0.8552.

We recommend that if the decline continues then the opportunity to the support level at 0.8389.

Prices on the graph H1 visible lines MA05 and MA10 conditions intersect.

While the Stochastic indicator indicating a bullish opportunity.