| USD/CHF Analysis-June 02,2011 |
| Thursday, 02 June 2011 05:34 |
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USDCHF broke weekly support and going toward daily extesion. USDCHF broke consolidation on 1 hour chart on down side and going toward extension 0.8333-0.8069 area. On daily chart USDCHF reversed from 50% of 0.9337 to 0.8549, extension 0.8333-0.8064 area still in progress. If USDCHF won’t break of 0.8333 support then retracement possible on daily chart. On daily chart trend still on down trend remain same as reach at 0.8333-0.8067 area. New High:0.8447, 0.8471, 0.8524 New Low:0.8382, 0.8356, 0.8337 |