Tuesday, June 3, 2014

usd/chf daily analysis,market uptrend

The USDCHF had a but momentum yesterday topped at 0.8994 level. The pair is buy in nearest term testing 0.9000 level. A clear break and consistent movement above that area could trigger further buy scenario testing 0.9100 level.
nearly support is seen around 0.8970 level. A clear break below that area could lead price to neutral zone in nearest term testing 0.8920 level but all in all I still prefer a buy scenario at this phase.

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