Author Topic: First National Innovation Brokers Daily Technical Analysis Apr 01 USD/CHF  (Read 806 times)

Offline gregscript

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USD/CHF failed to break through 0.9566 and the subsequent breach of 0.9471 minor support argues that consolidation from 0.9566 might extend further. Initial bias is neutral this week first. Below 0.9465 minor support will turn bias to the downside for 0.9352 and below. After all, rise from 0.9021 is viewed as the second leg of the sideway pattern from 0.9971. Another rally is expected after the consolidation from 0.9566 has completed, to 61.8% retracement of 0.9971 to 0.9021 at 0.9608 and above.
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