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FX.co ★ USD/CHF Bullish Outlook April 28, 2011 (Daily Strategy)

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Forex Analysis

2011-04-28T06:34:34
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USD/CHF Bullish Outlook April 28, 2011 (Daily Strategy)

USD/CHF Bullish Outlook April 28, 2011 (Daily Strategy)

USD/CHF

The strong support situated at 0.8651 has served as a barrier to the strengthening of the Swiss franc, believe that the pair have to try to cross this level and if it fails in his attempt, would result a possible rebound upward, reaching his first weekly resistance situated around 0.8990, we can buy in the current price of 0.8700. Should consider the important support level of 0.8640, as a stop loss in case of continuing the current wave bearish.

The positive deviation of the MACD indicator, adds weight to the positive outlook regarding the pair.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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