Thursday, November 6, 2014

USD/CHF Daily

Nov  USD/CHF  Daily
13::50 GMT - Significant break higher in recent trade with prices now  above 0.97. Next focus is the tops at 0.9751 and 0.9790 and we could  see a trade near here once overbought indicators have unwound. Sup. should be in the 0.9670/90 band. N.I.
R4: 0.9898  2 Aug 12 high
R3: 0.9790 * 29 May 13 high
R2: 0.9751 * Jul 13 high
R1: 0.9720  minor projection
S1: 0.9670/90  recent tops
S2: 0.9600  intraday level
S3: 0.9578  Tues low
S4: 0.9539 * 30 Oct low
S5: 0.9520  recent highs