Again looking at the weekly chart, it appears usdchf is again establishing support. Recent low at 0.8930
Originally Posted by qlinks
is at ~ 76.4 fibo level. Bullish continuation can be presumed, however immediate resistance is at
Buyers have reached the upper of the range and are taking profits.
Originally Posted by haniam
A short retrace can target 0.9115 with stops above 0.9215 else close and reverse with 0.9295 as target
mar 21, 2012, usfchf appears to have bottomed (0.9077) bouncing off support at 0.9070. usdchd seems to be trapped
between 0.8927 and 0.9330, support and resistance levels. breaking of resistance above will then face higher
resistance at 0.9594. break on the downside will possibly target 0.8636 which is fibo61.8 in the weekly chart.