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USD/CHF Classical 05.11

USD/CHF Classical 05.11

2010-05-11 06:25:00
Joel Kruger, Technical Strategist
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swiss1

USD/CHF: The overall outlook remains highly constructive and while daily studies do not rule out the possibility for some additional short-term declines to allow for technicals to unwind, any setbacks should be very well supported ahead of 1.0900, in favor of an eventual push into the 1.1500-1.2000 area. Back above 1.1245 opens next upside extension.

 

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

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