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Intra-Day USD/CHF Outlook: March 15, 2012

Published 03/15/2012, 03:06 AM
Updated 01/01/2017, 02:20 AM
USD/CHF
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MAR
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INTRA-DAY USD/CHF OUTLOOK

   Despite dlr's retreat after extending recent up-
move to 0.9334 in Asia, as long as sup at 0.9276
(prev. res) holds, consolidation with mild upside
bias remains but a breach of said res is needed to
yield further gain twds 0.9345/50 later.
   Hold long for 0.9325 1st, stop as indicated, be-
low wud risk stronger pullback twds 0.9248/50...

Range Forecast
0.9290 / 0.9320

Resistance/Support
R: 0.9334/0.9389/0.9470
S: 0.9276/0.9248/0.9228

Rate     
0.9287
    
Position
Long at 0.9285

Strategy/Entry Level
Hold long

Objective     
0.9325     

Stop-Loss
0.9270
    
Last Update At
15 Mar 2012 06:49 GMT

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