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Technical Analysis for USDCHF 9 Mar 2010 PDF Print E-mail
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Tuesday, 09 March 2010

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.

http://i233.photobucket.com/albums/ee189/ariestomaster/ImageProxy-335.jpg

 
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