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USD/CHF CLassical 02.25

USD/CHF CLassical 02.25

2010-02-25 07:08:00
Joel Kruger, Technical Strategist
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swiss1

USD/CHF: Continues to press higher with the market now fast approaching our 1.1000 objective from a few weeks back. A major base looks to be firmly in place and any setbacks are expected to be well supported ahead of 1.0600 in favor of a bullish continuation through 1.1000 and towards 1.1500 further up.  Only back under 1.0600 would delay and give reason for pause.

 

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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