Last Update At 29 Sep 2015 00:03GMT
Trend Daily Chart
Up
Daily Indicators
Rising
21 HR EMA
0.9762
55 HR EMA
0.9770
Trend Hourly Chart
Sideways
Hourly Indicators
Falling
13 HR RSI
42
14 HR DMI
-ve
Daily Analysis
Choppy trading to continue
Resistance
0.9879 - 61.8% proj. 0.9257-0.9825 fm 0.9528
0.9844 - Last Fri's 4-1/2 mth high
0.9816 - Y'day's high
Support
0.9723 - Y'day's low
0.9708 - Last Tue's NY low
0.9668 - Last Thur's low
. USD/CHF - 0.9795... Although the greenback edged up to session high at 0.9816 in European morning Mon, price pared its gains n tumbled to intra-day low at 0.9723 in NY morning on dlr's broad-based weakness b4 recovering to 0.9756.
. On the bigger picture 1st, dlr's anticipated rally abv previous Sep's 0.9825 top to 0.9844 on Fri suggests re-test of Aug's 4-1/2 month peak at 0.9903 would be seen this week, possibly ahead of Fri's key U.S. non-farm payrolls, a break of this lvl would confirm medium-term rise fm 0.9072 (May's bottom) has finally resumed n would bode well for further headway to 'psychological' target at 1.000. Having said that, as both hourly & daily technical indicators would display 'bearish divergences' on such move, reckon res at 1.0129 would hold fm here n risk has increased for a correction to occur. In view of abv analysis, buying dlr again on dips is recommended n only below 0.9668 may risk 0.9528.
. Today, as y'day's selloff to 0.9723 suggests a temp. top has been made at 0.9844 (Fri), we are selling dlr on pullback for 0.9685 or buy if price drops first for subsequent gain twds 0.9750 as last Thur's low at 0.9668 shud remain intact today.
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