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FX.co ★ USD/CHF technical overview for April 26, 2011

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Forex Analysis:::2011-04-26T08:31:35

USD/CHF technical overview for April 26, 2011

USD/CHF technical overview for April 26, 2011

The franc is continuing its correction movement in the bullish direction.
In a 4-hour graph there are such resistances ahead the franc as the SAR Parabolic system (0.8868), Resistance line (0.8887) and the Fibo 23.6 (0.8907).
Downside movement is only limited by the low level (0.8773).
The ROC indicator is showing remaining movement in the bullish direction limited by the channel formed by the indicator.
The MACD is showing slight divergence with the graph, which might be a signal for the correction to stop and the price to reverse down.

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