USD/CHF Weekly Technical Report 24-28/12/2012
ecPulse
2012-12-24 06:45AM UTC
The pair still lingers between 0.9135 and 0.9175 levels keeping the pair’s intraday move unclear, especially that there is a conflict between the negativity on Stochastic and trading above Linear Regression Indicator 34. Therefore, we remain neutral in our weekly report awaiting confirmation signals through the upcoming reports.
The trading range for this week is among key support at 0.9000 and key resistance at 0.9330.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
Support 0.9135 0.9105 0.9080 0.9030 0.9000
Resistance 0.9170 0.9200 0.9220 0.9245 0.9300
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move
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