USD/CHF Weekly Technical Report 8-12/4/2013
ecPulse
2013-04-08 09:00AM UTC
The pair is currently hovering around very sensitive support zones- previous resistance- as seen on the provided daily chart. Stochastic shows a probability of drawing a positive overlap, while moving below the lower line of Keltner channel is seen as overbought sign. Hence, we should stand aside until the pair affirms the bearish pressures seen during the last week.
The trading range for this week is among key support at 0.9070 and key resistance at 0.9600.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.
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