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FX.co ★ USD/CHF Bearish Outlook, For January 13, 2012 (weekly Strategy)

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Forex Analysis:::2012-01-13T13:37:19

USD/CHF Bearish Outlook, For January 13, 2012 (weekly Strategy)

USD/CHF Bearish Outlook, For January 13, 2012 (weekly Strategy)

The United States dollar – Swiss Franc pair, in the 4 hours chart, We notice a formation technique, double top, with a potential drop to the nearest 0.9377 fractal, this level coincides with the 200-day moving average, which maintains the upward trend of the pair at this level also abut the first support weekly. However, a strengthening of the franc could reach the level of 0.9200 dollars per Swiss franc

Momentum indicator, RSI shows a level of neutrality is expected back up and then a fall.

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