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 Technical Analysis for CHF

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fxpulsation



Posts : 8759
Join date : 2012-01-25

PostSubject: Technical Analysis for CHF   Mon Mar 10, 2014 10:44 am



Technical Analysis for CHF

The USDCHF was indecisive last week. Price attempted to push higher, topped at 0.8895 but whipsawed to the downside and closed lower at 0.8774. The bias is bearish in nearest term testing 0.8700. Immediate resistance is seen around 0.8845. A clear break above that area could lead price to neutral zone in nearest term but overall I prefer a bearish scenario at this phase.
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