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FX.co ★ USD/CHF Bullish Outlook April 12, 2011 (Daily Strategy)

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Forex Analysis:::2011-04-12T14:49:02

USD/CHF Bullish Outlook April 12, 2011 (Daily Strategy)

USD/CHF Bullish Outlook April 12, 2011 (Daily Strategy)

USD/CHF

The United States dollar – Swiss Franc pair, is in the final stage of its last downward wave, We expect that around the first weekly support the pair found support strong stand to prevent the sequence downward.

The pair is faced with two strong supports the weekly and monthly, around 0.8986, 0.8955 respectively.The progress of the pair to this level will create an attractive buying opportunity for long position with a bullish outlook to the maximum levels around 0.9450. It should be noted that as this operation is realized, the first point of partial exercise could be situated in relation to the nearest resistance level which is around 0.9220.

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