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Apr 23
USD/CHF - May 23, 2011: Testing the 0.8877 level
Monday, 23 May 2011 04:58

The Double Top Pattern Alert Level Support When Imperturbable

Yesterday: Open 0.8809 High 0.8856 Low 0.8748 Close 0.8772

Since trading began yesterday's Asian session, Frank had a bearish movement leading to the break line at 0.8787. Further movement of currency Frank rebound toward the highest level at 0.8856 and the daily moments kemnudian Frank freefall back towards the first support level at 0.8764.

Overall daily high low range Frank Friday about 105 pips yesterday.

Currently, the visible movement of Frank tends bullish.

There is no economic focus today for USD / CHF.

20110523_chf

When you have the opportunity to increase the resistance level is 0.8877.

We recommend that if the decline continues, opening opportunities to the support level at 0.8749 and 0.8708.

Prices shown on the graph H1 line MA05 and MA10 conditions tend bullish.

While the Stochastic indicator signifies bullish conditions.