After taking losses against several of its higher-yielding currency rivals during European trading yesterday, the dollar was able to stage a modest bullish recovery after US markets reopened for the first time this week in the aftermath of Hurricane Sandy. After falling close to 50 pips during the first half of the day to trade as low as 0.9275, the USD/CHF was able to advance some 30 pips during afternoon trading to reach the 0.9305 level.
| USD/CHF intraday: the upside prevails. |
Pivot: 0.9295.
Our preference: LONG positions above 0.9295 with 0.9345 & 0.9365 as next targets. Alternative scenario: The downside breakout of 0.9295 will open the way to 0.9285 & 0.927. Comment: the pair is rebounding. |
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Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id
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