USD CHF finds good resistance 07/01/2013

Economies.com
2013-01-07 05:42AM UTC

The pair found good resistance by the minor bearish channel shown in the image above, this channel supports our overall bearish expectations on the intraday and short term basis.

 

Therefore, we will get back to the negative scenario again, supported now by Stochastic and EMA50, and the first main target is testing the psychological level at 0.9000

 

Expected trading range for today is between: 0.9100 support and 0.9350 resistance.

 

Expected trend for today: Bearish

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