USD/CHF Weekly Technical Report 4-8/1/2013
ecPulse
2013-02-04 08:48AM UTC
The pair rebounded to the upside again after approaching the key support of the downside move, now consolidating around a previous bottom at 0.9083 levels which is considered a significant interval. The key support level at 0.9000 levels represents an intraday interval might cause a correctional upside move where Stochastic is trying to show some upside momentum. Breaking 0.8900 levels for any reason might cancel any correctional attempt.
The trading range for this week is among key support at 0.8860 and key resistance at 0.9280.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
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