INTRA-DAY USD/CHF OUTLOOK
Dlr's breach of y'day's 0.9158 low confirms near
term decline fm y'day's high of 0.9201 to retrace
upmove fm Feb's low of 0.8932 has resumed n further
weakness to 0.9128/35 is likely, however, o/sold
condition shud limit fall to 0.9107 sup.
Trade fm short side with stop as indicated n only
abv 0.9201 res wud extend gain twd 0.9229.
Range Forecast
0.9135 / 0.9165
Resistance/Support
R: 0.9177/0.9201/0.9229
S: 0.9128/0.9107/0.9072
Rate Position
0.9151 Short at 0.9170
Strategy/Entry Level
Hold short
Objective
0.9135
Stop-Loss
0.9170
Last Update At
08 Mar 2012 07:21 GMT