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USD/CHF Classical 07.06

USD/CHF Classical 07.06

2010-07-06 05:45:00
Joel Kruger, Technical Strategist
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Usd/Chf: Daily studies are in deep oversold territory and while we would not rule out the potential for additional declines into the 1.0400's, any additional setbacks are seen limited in favor of some intense bullish resumption back above 1.1000 and towards 1.1700 further up. 

 

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