Wednesday, July 27, 2011

USD/CHF Bullish Above 0,7990


The United States dollar – Swiss Franc pair continues its southward journey as part of a downwards trend that technically could present stagnation and change the trend in the short term.

Recommend to buy only if the price is above the weekly support around the 0.7990 level. It is possible to enter a buy deal already at the present price levels, A partial realization can take place towards the weekly resistance level, 0.8287. The MACD indicator, shows signs of an upward bounce.

Performed by Gerardo Porras Palomino, Analytical expert

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