USD CHF keeps the positive stability 20/05/2013
Economies.com
2013-05-20 05:47AM UTC
The pair remains stable above the previously breached resistance which turns into support now at 0.9595, which forms the main factor that makes us continue in preferring the intraday and short term bullish trend, waiting for targets that begin at 0.9770 and extend towards 0.9950
Stochastic negativity might cause temporary stop for the bullish wave until managing to gather enough bullish momentum to push the price to the upside, pointing that breaking below 0.9595 might force the price to visit 0.9400 again.
Expected trading range for today is between: 0.9635 support and 0.9770 resistance.
Expected trend for today: Bullish
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