| USD-CHF Technical - 28/Feb |
| Written by Praful Patat |
| Monday, 28 February 2011 05:44 |
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USDCHF is still heading on weekly support. USDCHF is continues doing sideway movement on 1 hour chart, break of 0.9227 level next is 0.9180 and break of 0.9317 resistance level further going up side toward 0.9462 level. Also down trend line pass at 0.9347 acts as minor resistance. If break of .9257, going down side to 0.8449, in bigger range and break of 0.9347 level further going up to 0.9843,1.0205.
Strategy: USDCHF buy from support target 30 pip with stop loss 20 pip or sell from resistance same target
New High: 0.9299, 0.9340, 0.9322
New Low: 0.9216, 0.9257, 0.9239
R3-0.9360, R2-0.9329, R1-0.9309, PP-0.9277, S1-0.9246, S2-0.9226, S3-0.9194
USDCHF is still heading on weekly support. USDCHF is continues doing sideway movement on 1 hour chart, break of 0.9227 level next is 0.9180 and break of 0.9317 resistance level further going up side toward 0.9462 level. Also down trend line pass at 0.9347 acts as minor resistance. If break of .9257, going down side to 0.8449, in bigger range and break of 0.9347 level further going up to 0.9843,1.0205. Strategy: USDCHF buy from support target 30 pip with stop loss 20 pip or sell from resistance same target New High: 0.9299, 0.9340, 0.9322 New Low: 0.9216, 0.9257, 0.9239 Pivot: R3-0.9360, R2-0.9329, R1-0.9309, PP-0.9277, S1-0.9246, S2-0.9226, S3-0.9194
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