USD/CHF Weekly Technical Report 25/2-1/3/2013
ecPulse
2013-02-25 06:50AM UTC
The pair is gradually moving to the upside as the positive technical catalysts still dominates the pair and might help it to touch 0.9375 levels in an attempt to breach it confirming another ascending wave. Momentum indicators are showing overbought signals; meanwhile Linear Regression Indicators are positive and trading above 0.9235 with daily closing will extend the upside move this week.
The trading range for today is among key support at 0.9200 and key resistance at 0.9515.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
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