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Technical Analysis for USDCHF 9 Mar 2010 |
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Written by Administrator
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Tuesday, 09 March 2010 |
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The USDCHF was indecisive yesterday, leave us in range area of
1.0888 – 1.0640 area. We have no significant technical movement so far
and price still consolidating but still in the context of bullish major
scenario. I think the best strategy remains to short around 1.0888 or
long around 1.0640 with tight stop loss. Break above 1.0888 – 1.0900
area should continue the bullish scenario targeting 1.1000 while a
break below 1.0640 should trigger further bearish correction towards
1.0507 area.
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