USD/CHF Weekly Technical Report 13-17/5/2013
ecPulse
2013-05-13 07:27AM UTC
The pair breached key resistance level of the descending channel last week as shown on graph, which might extend the upside move. Linear Regression Indicators are positive supporting the suggested positivity. Momentum indicators are showing overbought signals; therefore the pair should break 0.9425 levels this week to limit the effect of the signals.
The trading range for this week is among key support at 0.9385 and key resistance at 0.9865.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
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