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USD/CHF Classical 05.17

USD/CHF Classical 05.17

2010-05-17 05:30:00
Joel Kruger, Technical Strategist
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USD/CHF: The overall outlook remains highly constructive and while daily studies do not rule out the possibility for some form a pullback to  allow for technicals to unwind, any setbacks should be very well supported ahead of 1.1100, in favor of an eventual push towards 1.2000. Friday’s close back above 1.1245 confirms bullish bias and opens next upside extension. 

 

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

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