USD/CHF Weekly Technical Report 11-15/2/2013
ecPulse
2013-02-11 07:16AM UTC
The pair moved to the upside breaching the key resistance of the downside move again indicating possible extension of the upside move this week. Meanwhile, Stochastic offers overbought signals as the pair should confirm the breach by stabilizing above Linear Regression Indicators. Trading above 0.9080 levels might extend the bullish move while stability above 0.9155 level further supports this outlook.
The trading range for this week is among key support at 0.9000 and key resistance at 0.9370.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
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