|
Technical Analysis for USDCHF 4 Mar 2010 |
|
|
|
|
Written by Administrator
|
|
Friday, 05 March 2010 |
|
The USDCHF had a significant bearish momentum yesterday, bottomed at
1.0647 and closed at 1.0677. The triple top formation around 1.0888
area able to trigger significant bearish correction so far even
possible bearish reversal scenario testing the lower line of the major
bullish channel. The bias is bearish in nearest term targeting 1.0507
area but we need a consistent move below 1.0640 to continue the bearish
scenario. Immediate resistance at 1.0750 – 1.0800 area.
|