Forex Market Outlook on Majors USD/CHF : April 16, 2014


chf   DAILY USD/CHF OUTLOOK - 0.8798
15 Apr 2014   23:17GMT

Although USD's retreat from yesterday's high of 0.8820
to 0.8784 (NY) suggests 1st leg of correction from
last Fri's low at 0.8843 has ended there, as long
as said sup holds, stronger retrace. of early fall
from 0.8953 toward 0.8846/48 is seen b4 another decline.

Buy on dips for this move but reckon 0.8880 res
would cap upside. Below 0.8743 risks 0.8729 and 0.8698.


STRATEGY : Buy at 0.8770

OBJECTIVE : 0.8835

STOP-LOSS : 0.8735

RES : 0.8820/0.8846/0.8880

SUP : 0.8743/0.8729/0.8698

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