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Swiss Franc Retreats Above 1.2800

By Sam Shenker
31 January 2006 10:54 GMT
A further collapse of the Swissie’s offers will most likely see the pair head higher and aim for 1.3201, a level established by December 30 daily high. Indicators are favoring the Swiss Franc longs with both negative momentum indicator and MACD below the zero line, with ADX above 25 at 26.06, signaling an existence of a trend, not a direction of one, while neutral oscillators give the pair enough room to maneuver.

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31 January 2006 10:54 GMT