USD/CHF Mid-Day Outlook

USD/CHF’s rise from 1.0131 resumes after brief retreat and reaches as high as 1.0351 so far. As noted before, correction from 1.0506 should have completed at 1.0131 after hitting 61.8% retracement of 0.9916 to 1.0506 at 1.0141. Intraday bias remains on the upside for 1.0383 resistance first. Break there will…

more from source

This entry was posted on Tuesday, January 19th, 2010 at 10:07 pm and is filed under Forex, Forex Trading, Forex news, Money. You can follow any responses to this entry through the RSS 2.0 feed.