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Intra-Day USD/CHF Outlook: March 23, 2012

Published 03/22/2012, 10:45 PM
Updated 01/01/2017, 02:20 AM
USD/CHF
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MAR
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Despite extending the retreat from yesterday's high of 0.9179 to 0.9125/26 in Tokyo this morning, current re-covery suggests an intra-day low has possibly been made. Consolidation with mild upside bias would be seen and gain towards 0.9150/55 cannot be ruled out.
  
A fall below 0.9123/26 may bring a re-test of yesterday's low of 0.9095, and break yields weakness to 0.9078 again.

Range Forecast
0.9120 / 0.9155

Resistance/Support
R: 0.9179/0.9202/0.9236
S: 0.9123/0.9095/0.9078
    
Last Update At
23 Mar 2012 02:19 GMT

Rate     
0.9132     

Strategy/Entry Level
Stand aside

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