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Aug 29
USD/CHF - May 24, 2011: Testing Level 0.8816
Tuesday, 24 May 2011 05:17

Yesterday: Open 0.8774 High 0.8849 Low 0.8757 Close 0.8838

Frank currency movements have strong bullishhingga reach about 90 pips.

Currently Frank is a correction movement but still in a bullish trend big.

There is no economic focus today for USD/CHF.

20110524_chf

If sustained, the increased opportunities to the 0.8936 resistance level.

We recommend that if the decline continues and the trend line diagonally across the open opportunities to the support level at 0.8816 and 0.8765.

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

While the Stochastic indicator indicating a bearish condition.