Technical analysis of USD/CHF for March 04, 2014




The USD/CHF'sdownward movement from 0.9081 extended to as low as 0.8777. Further declinecould be expected after a minor consolidation, and the next target would be at the 0.8700 area. In the hourly chart, thepair is holding above the moving averages that is a bullish view. Theimmediate resistance is at the level of 0.8864 on the intraday basis. Until the priceholds the support at 0.8818, we can expect some pullback. If the price breaks it,next support will be at 0.8792 and 0.8777.


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