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USD/CHF Classical 05.28

USD/CHF Classical 05.28

2010-05-28 08:14:00
Joel Kruger, Technical Strategist
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usdchf05.28

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 1.1200, in favor of an eventual push towards 1.2000. In the interim, short-term support comes in by 1.1430 and a break and close below will be required to trigger the onset of a short-term corrective pullback.


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