October 7, 2014
USD/CHF – above the upper median line.
As you already know, the US dollar is very strong, the rate has managed to break above the UML and also the static resistance from 0.9583 – 0.9596. Yesterday the price came back to test the broken level, now is trading above the 0.9596 but we can not exclude the possibility of a correction after this upward movement. The resistance is at 0.9683 and the support can be found around the 0.9583 level.
By Olimpiu Tuns – Owner and Market Analyst at http://ovtbusiness.com/en/
