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USDCHF taking breath before another go at 1.0700

Posted by on March 25, 2010 · Leave a Comment 

USDCHF moved very nicely towards 1.0700 but was unable to break that level
and is currently taking some breather. It seems that USDCHF will make
another attempt towards 1.0730 level and if USDCHF manages to break above
that level, then we will be looking at USDCHF moving towards 1.0850 level.

On the lower side, the retracement should end maximum by 1.0600 level and if
the dip is extended then long term traders will look to buy USDCHF around
1.0550 level.

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