|USD-CHF Technical - 18/March|
|Written by Praful Patat|
|Friday, 18 March 2011 05:37|
USDCHF is continues going down side toward 0.8854, break of 8965 support, next target 0.8854 and then retrace possible. Break of 0.8996 daily PP further going down to 0.8854 next target and break of 0.9110 resistance further going up side toward 0.9201.On daily chart, USDCHF extension at 0.8814, possibility to back from there for retracement.
Strategy: USDCHF buy from support or sell from resistance
New High: 0.9033, 0.9111, 0.9063.
New Low: 0.8876, 0.8954, 0.8906.
Pivot: R3-0.9153, R2-0.9093, R1-0.9056, PP-0.8996, S1-0.8936, S2-0.8899, S3-0.8840.