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Wednesday, 18 July 2012

2012.07.18 07:17:46 USD/CHF intraday: under pressure.

USD/CHF intraday: under pressure.

Update on supports and resistances.
Pivot: 0.98.

Our Preference: SHORT positions @ 0.979 with targets @ 0.974 & 0.971.

Alternative scenario: The upside breakout of 0.98 will open the way to
0.982 & 0.985.

Comment: the pair is rebounding but stands below its new resistance.

Trend: ST Ltd Downside; MT Range

Key levels Comment

0.985** Intraday resistance
0.982** Intraday resistance
0.98** Intraday pivot point
0.9777 Last
0.974** Intraday support
0.971*** Intraday support
0.968** Intraday support
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