Short overview:
The USD/CHF pair has rebounded from a minor Support at 0.9430 and now it is approaching its Support. It will probably start upside movement at this area and recovery again. Therefore, it will be formed a good sign to buy at this spot with a first target of 0.9475 and it will continue towards 0.9515. On the other hand, a break of 0.9415 will be a good location for placing stop loss below 0.9400.
Intraday technical levels:
Date & Time: 13/03/2013 12:31
Pair:USD/CHF (dollar swissy)
Projected high: 0.9658
Breakout (buy stop): 0.9603
Strong resistance (sell limit): 0.9573
Current pivot: 0.9470
Strong support (buy limit): 0.9366
Breakout (sell stop): 0.9341
Projected low: 0.9291
If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.
