From the FXWW Chatroom: USDCHF (0.9900):
Consolidation between 0.9856 and 0.9910. A clear break at the resistance line of 0.9910 is needed to confirm the uptrend. Buy the USD at 0.9890 and 0.9860 with sl below 0.9830.
Support at 0.9856, 0.9821, 0.9768
Resistance at 0.9910, 0.9950, 1.0012-ZKB
As long as the resistance line of 1.1058 is not clearly broken in a 4 hourly close basis the risk remains to the downside. A clear break in a 4hourly close basis at the low of 1.0954 would confirm the downtrend. Sell the EURO at 1.1020 and 1.1050 with sl above 1.1080.
Support at 1.0964, 1.0915, 1.0867
Resistance at 1.1000, 1.1028, 1.1058
As long as the support line of 103.18 is not clearly broken in a 4 hourly close basis the move up could continue. Buy the USD at 103.50 and 103.20 with sl below 102.90.
Support at 103.62, 103.18, 102.81
Resistance at 104.20, 104.64, 105.15
No change.as long as the pair does not move and stabilized above 0.7710-0.7730 ( 0.7734 yesterday’s high) a renew down-move towards 0.7500-7550 is possible in the short term.
An upside correction towards 1285.00-1290.00 could start at any time. On the down-side, the area between 1145.00 and 1155.00 might limit any GOLD losses in the short term.
View the latest market information in the FXWW Chatroom with a free trial