USD CHF gains strongly 15/05/2013

Economies.com
2013-05-15 05:35AM UTC

The pair resumed its rise sharply surpassing 0.9600 and settles above it, reinforcing our expectations for the continuation of the bullish trend on the intraday and short term basis, where we are waiting targets located initially at 0.9770

 

Note that Stochastic negativity might force the price for some sideways fluctuation and attempts to retest 0.9600 before resuming the bullish trend again.

 

Expected trading range for today is between: 0.9600 support and 0.9770 resistance.

 

Expected trend for today: Bullish

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