DAILY USD/CHF OUTLOOK

DAILY USD/CHF OUTLOOK

Dlr's intra-day brief breach of Sep's 4-mth lowat 0.9215 suggests decline fm 2012 peak at 0.9972(Jul) has finally resumed n as long as y'day's topat 0.9275 holds, weakness to 0.9170/80 is likely,nr term 'loss of momentum' wud keep dlr abv 0.9135.

Lower short entry for this move n only abv saidres confirms temp. low is made, risks 0.9310/14.

Resistance/Support
R: 0.9275/0.9300/0.9314
S: 0.9195/0.9135/0.9112

Last Update At
14 Dec 2012 08:19 GMT

Rate
0.9222

Strategy
Sell at 0.9250

Objective
0.9180

Stop-Loss
0.9395

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS