Tuesday, April 28, 2015

usd/chf go to downtrend in this week

USDCHF - With a reversal of almost all of its past week gains seen at the end of the week to close slightly higher, USDCHF now faces the risk of a move lower in the new week. On the downside, support comes in at the 0.9500 point. A turn below here will open the door for more weakness to occur
towards the 0.9450 point and then the 0.9386 point. A cut through here will open the door for additional weakness towards the 0.9300 point. Its weekly RSI is bearish and pointing lower supporting this view. others, resistance resides at the 0.9600 point with a breach targeting the 0.9650 point. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9700 point.
finallly this pair is go downside.

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