March 15, 2016
Intraday Preference: NEUTRAL
Reference Area: 0.9916-0.9983
Technical Analysis:
USD/CHF remains under heavy pressure, but note that 20 MA and 50 MA are flat on hourly chart. As alternative strategy, watch for bearish signal confirmation on a pull-back move to within the reference area at 0.9916-0.9983, with target at 0.9875-0.9809. Be careful if the resistance at 0.9983 breaks because it possibly will turn the intraday bias to bullish and open the chance for a bullish move up to 1.0031-1.0091.
Analysis by Andrew Bulan from EconomicCalendar.com
