Forex − Chart USD/CHF Update: Support seen under pressure
Tuesday, September 21, 2010
, Posted by Usman Ali Minhas at 4:40 AM
Published at 10:48 (GMT) 21 Sep
21 Sep USD/CHF Daily
11:45 - USD is to date holding above .9998, but this area is beginnning to look more vulnerable. If it fails, look next for .9965/70 and .9945/30. Resistance is now from 1.0050/53 to 1.0074. This and 1.0090 would have to be cleared, still seen hard nearby, to signal a reversal of the down bias, target 1.0121 ahead of 1.0155 and 1.0183. [AW]
11:45 - USD is to date holding above .9998, but this area is beginnning to look more vulnerable. If it fails, look next for .9965/70 and .9945/30. Resistance is now from 1.0050/53 to 1.0074. This and 1.0090 would have to be cleared, still seen hard nearby, to signal a reversal of the down bias, target 1.0121 ahead of 1.0155 and 1.0183. [AW]
R5: 1.0155/83 * hour, 17 Sep highs
R4: 1.0121 * 20 Sep high
R3: 1.0090 hour high, congestion
R2: 1.0074 current 21 Sep high
R1: 1.0050/3 hour extremes, cong.
S1: 1.0017 current 21 Sep low
S2: 0.9998 * 16 Sep low
S3: 0.9965/70 intraday level
S4: 0.9945/30 * 15, 14 Sep lows
S5: 0.9914 Nov 2009 low
R4: 1.0121 * 20 Sep high
R3: 1.0090 hour high, congestion
R2: 1.0074 current 21 Sep high
R1: 1.0050/3 hour extremes, cong.
S1: 1.0017 current 21 Sep low
S2: 0.9998 * 16 Sep low
S3: 0.9965/70 intraday level
S4: 0.9945/30 * 15, 14 Sep lows
S5: 0.9914 Nov 2009 low
