Monday, March 7, 2011
USD/CHF:Pressure on the USD / CHF trades are preserved in the historic min
Exchange rate still lies below the moving averages with periods of 34, 55, 89 and 144, which are directed downward and points to the continued bearish sentiment, as well as the next resistance levels are 0.9275, 0.9300, 0.9400 and 0.9460.
MACD histogram is located in the negative zone and below its signal line, continues to gradually decline, and thereby sends a signal to sell USD / CHF.
Stochastic Oscillator is in the neutral zone and not currently send a clear signal.
Because, trust only one clear signal is very risky, then as a confirmation that the forex market in a given currency pair again could increase bearish sentiment, we need to wait for the breakdown of the historical minimum 0.91997, which will open the path to levels of 0.9180, 0.9140 and 0.9110/00 .
Resistance levels: 0.9275, 0.9300, 0.9330, 0.9370, 0.9400
Current Price: 0.9249
Support levels: 0.9220, 0.9200, 0.9180, 0.9140, 0.9110/00