FX Thoughts for the Day


USD-CHF @ 0.9282/85…Bullish R: 0.9400 / 0.9500-30 S: 0.9200 / 0.9150 / 0.9122 Dollar-Swiss found good Support near 0.9100 and has risen well last week. The overall outlook remains bullish. 0.9400 or even 0.9500-30 can be targeted on the upside. Note, 0.9399 is the 50% Retracement level of the fall from 1.1731 (May-10) to 0.7066 (Aug-11). The bigger picture is bullish and We might expect the pair to continue to trade above 0.9200 itself. 0.9200, 0.9150, 0.9122 (Trendline on the weely) are the

Comments are closed.