USD CHF heads to retest 14/05/2013

Economies.com
2013-05-14 05:25AM UTC

The pair’s trading bounces lower after the failure to settle above 0.9600 until now, and the price is heading to retest the previously breached resistance which turns into support now at 0.9500

 

The price stability above the mentioned level will keep the chances valid to achieve the suggested rise in our last report, being aware that Stochastic negativity might force the price to break below the mentioned level.

 

Expected trading range for today is between: 0.9460 support and 0.9690 resistance.

 

Expected trend for today: Bullish

 

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