The USD / CHF back into the triangle in its downward path
December 6, 2010 by Forex news
Filed under Forex, Forex news
On Friday we saw a USD / CHF continued to bearish momentum and now has returned to the interior of the triangle formed previously as you can see in the accompanying graph. This ends the medium-term bullish forecasts. Short term forecast for USD / CHF is bearish, especially if the price falls below 0.9725 the pair targeting 0.9670 and the lower band of the triangle that also acts as a trendline / support. The closest resistance appears to break 0.9850 and maintain the bullish scenario to retest 1.0000 key level.
