USD CHF touches the first target 29/04/2013

The pair stops at the previously suggested first target at 0.9400, which acts as solid support barrier that breaking below it is required to open the way towards more downside track.

In general, the bearish trend scenario remains valid and preferred on the intraday and short term basis, and the next targets at 0.9370 followed by 0.9290, pointing that breaching above 0.9510 will stop these negative expectations.

Expected trading range for today is between: 0.9300 support and 0.9465 resistance.

Expected trend for today: Bearish