Thursday 15 March 2012

USD/CHF: In Range & Near Support

The USD/CHF exchange has been having a down day so far, but I would expect it to jump up here pretty soon. Reason being:
 - The Range for USD/CHF (852) is in line with the 30 Day Average Range (832)
 - There is a Support Level it appears to be hitting (first purple line) (if this first purple line is broken, then I
    would expect the price to only fall as far as the next purple line, which is around two close Fibonacci Lines).
 - Some divergence is appearing with a couple of momentum oscillators (MACD, RSI, and CCI)
 - And the price is near a Pivot Support Line (DS1: 0.92460)