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Looking to Sell Francs

Looking to Sell Francs

2011-09-06 11:06:00
Joel Kruger, Technical Strategist
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We have now shifted to a more aggressive bearish Franc stance and recommend looking to sell the currency on any form of a rally from here. Usd/Chf has broken back above critical resistance at 0.8550 on Tuesday and this should pave the way for a fresh upside extension into the 0.9000-0.9500 area over the coming days and weeks. Look for an opportunity to buy on a dips back towards the 0.7800-0.8000 area.

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