FX.co ★ USD/CHF Bullish Outlook April 05, 2011 (Daily Strategy)

USD/CHF

The United States dollar – Swiss Franc pair, shows that the pair is on the threshold of an upside breakout, from the resistance level of 0.9240.

It is important to note that we do want to buy only if price is above the weekly pivot line around the 0.9237.Our outlook will remain bullish, always when the price has not broken its uptrend line and if it closes below 0.9200.

The RSI indicator reflect an upward movement to the secondary trend line of the pair passing through the price level of 0.9550 Swiss francs dollar.