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USD/CHF Classical 05.05

USD/CHF Classical 05.05

2010-05-05 06:21:00
Joel Kruger, Technical Strategist
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USD/CHF: The overall structure is constructive with a medium-term higher low now sought out by 1.0435 in favor of the next major upside extension towards 1.1500. Tuesday’s impressive upside beyond 1.0925 confirms bias and we look for any setbacks to now be well supported by the previous resistance at 1.0925.

 

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

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