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Nov 22
USD-CHF Technical - 02/March
Written by Praful Patat   
Wednesday, 02 March 2011 05:42

USDCHF is forming sideway movement on daily chart. USDCHF break of 0.9359, further going up side toward 0.9438, 0.9566. Break of 0.9257 support level further going down side toward 0.9196 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 0.9370 level further going up to 0.9843,1.0205.
Strategy: USDCHF buy from support.
New High:  0.9303, 0.9326, 0.9308
New Low:  0.9256, 0.9279, 0.9261
R3-0.9340, R2-0.9322, R1-0.9311, PP-0.9293, S1-0.9274, S2-0.9263, S3-0.9245

USDCHF is forming sideway movement on daily chart. USDCHF break of 0.9359, further going up side toward 0.9438, 0.9566. Break of 0.9257 support level further going down side toward 0.9196 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 0.9370 level further going up to 0.9843,1.0205. 

Strategy: USDCHF buy from support.

New High:  0.9303, 0.9326, 0.9308

New Low:  0.9256, 0.9279, 0.9261

Pivot:

R3-0.9340,

R2-0.9322,

R1-0.9311,

PP-0.9293,

S1-0.9274,

S2-0.9263,

S3-0.9245