Date: 24.10.2012 Time: 19:38 Rate: 0.9337
4 Hour chart
Last Review
USD/CHF forecast – Stoppage of the downtrend shows wider meaning after the price has breached the 0.9300 price level and created an ascending price structure. Its closest target at this point is the 0.9368 price level and its breaching will lead the price towards the next resistance on the 0.9438 price level. Only breaking the 0.9213 price level will cancel this assumption and it is possible to assume that in this case its target will be the last low on the 0.9042 price level.
Current review for today
USD/CHF TECHNICAL ANALYSIS – The price has climbed a little during the last trading day but still could not breach the 0.9368 resistance level. Breaching this level is supposed to lead the price to the next resistance on the 0.9438 price level. Only breaking the 0.9213 price level will change this assumption and it is possible to assume that in this case its target will be the last low on the 0.9042 price level.
You can see the chart below:
