Usdchf PowerPoint PPT Presentations

With USDCHF selling off strongly the past week, a follow-through lower is envisaged in the new week. On the downside, support comes in at the 0.9400 level.

USDCHF: With the pair losing upside momentum to close on a rejection candle the past week. This has set the pair up for a move lower in the new week. On the downside, support lies at the 0.9700 level.

USDCHF: Although the pair remains biased to the upside medium term, it now faces bear threats after reversing its previous week losses to close lower.

USDCHF: With a second week of declines sending the pair further lower the past week, the risk is for USDCHF to weaken more in the new week.

USDCHF: The pair may have backed off the 0.9326 level and closed slightly lower the past week but continues to hold on its medium term bullish tone set from the 0.7068 level, its Aug 09’2011 low.

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