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USD/CHF Classical Technical Report 05.21

USD/CHF Classical Technical Report 05.21

2012-05-21 06:07:00
Joel Kruger, Technical Strategist
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Daily_Classical_USDCHF_body_usd.png, USD/CHF Classical Technical Report 05.21

USD/CHF:Overall the structure remains highly constructive and we continue to project additional upside over the coming months back above parity. For now, the latest break and close above 0.9335 is expected to accelerate gains for a retest of the yearly highs by 0.9600, while any intraday pullbacks should be very well supported ahead of 0.9200. Ultimately, only back under 0.9000 would negate outlook and give reason for pause.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

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