USD/CHF Weekly Technical Report 15-19/4/2013

ecPulse
2013-04-15 07:04AM UTC

 

The pair stabled above 0.9295 which might cause an upside correction to retest around levels 0.9360. The overall bearish move is likely to extend whereas the Double Top Pattern targets aren’t achieved yet, therefore we will hold on to our overall negative expectations during this week, taking into consideration the abovementioned simple upside correction.

 

The trading range for this week is among key support at 0.9205 and key resistance at 0.9440.

 

The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.

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