Forex – Chart USD/CHF Update: Stalled near upper TL at this time; new upside break due soon

January 3, 2013 by  
Filed under FX News

16:00 GMT – USD/CHF looks a bit more bullish here with the recent breakout. Very interesting intermarket chart analysis to note; stock mkt still up a ton in recent days and USD is rallying. So far, USD has been stalled for the moment near the upper TL at 0.9242; some consolidation is due before next break higher to 0.9275. Support is at 0.9200/194. R.Z R5: 0.9382 * 07 Dec high R4: 0.9310 intraday level R3: 0.9300 figure R2: 0.9275 * 13 Dec high R1: 0.9242 * upper TL S1: 0.9200 figure S2:

FXstreet.com: Technical: Technical Market View

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