Monday, April 20, 2015

USD/CHF Daily Outlook

Intraday bias in USD/CHF stays neutral first. The correction pattern from 1.0127 will possibly extend with another fall leg. Break 0.9471 will turn bias to the downside for 100% projection of 1..0127 to 0.9471 from 0.9862 at 0.9206. On the upside, though, above 0.9862 will extend the rebound form 0.9471 to retest 1.0127 resistance.

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