USD CHF tests the critical resistance 18/01/2013
Economies.com
2013-01-18 05:25AM UTC
The pair showed more positive trading testing the critical resistance at 0.9400, and as we mentioned before, breaching above this level will open the way for more bullish moves on the intraday and short term basis, while trading below 0.9260 will bring the price back to the downside track which was stopped by breaching the bearish channel’s resistance shown in the image.
Therefore, the neutrality is required until getting confirmation signals for the next trend.
Expected trading range for today is between: 0.9200 support and 0.9450 resistance.
Expected trend for today: Neutral
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