USDCHF Analysis - June 30, 2012

Long Term Forex Analysis | by ForexCycle.com | Saturday, 30 June 2012 14:09 UTC
USDCHF stays in a trading range between 0.9421 and 0.9769. Support is at 0.9421, as long as this level holds, the price action in the range is treated as consolidation of the uptrend from 0.8931, another rise towards 1.0000 is still possible after consolidation. On the downside, a breakdown below 0.9421 support will indicate that the uptrend from 0.8931 has completed at 0.9769 already, then pullback to 0.9100 area could be seen.

For long term analysis, USDCHF has formed a cycle bottom at 0.8931 on weekly chart. Further rise towards 1.0000 would likely be seen over next several weeks.

usdchf daily chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.