DAILY USD/CHF OUTLOOK - 0.9465
19 Mar 2013 06:59GMT
Y’day’s cross-induced brief rise to 0.9488 in Europe signals correction fm last Thur’s 6-month peak at 0.9567 ended at 0.9380 (Fri) n as long as sup area at 0.9417/24 holds, upside bias remains but abv 0.9509 needed to extend to 0.9530/40 later.
Hold long for this move n only below said sup may risk re-test of 0.9380, break risks 0.9355/60.
STRATEGY : Hold long
POSITION : Long at 0.9425
OBJECTIVE : 0.9505
STOP-LOSS : 0.943
RES : 0.9488/0.9509/0.9567
SUP : 0.9417/0.9380/0.9339