FX Thoughts for the Day |
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USD-CHF @ 1.1342/46... Could remain directionless ------------------------------------------------ R: 1.1400-20 / 1.1460 / 1.1500 / 1.1600 S: 1.1350-25 / 1.1300 / 1.1270-50 / 1.1200 Once again the pair was unable to rise beyond 1.14 and has slipped to a low of 1.1315 after facing resistance. However, 1.1315 happens to be the 13-SMA on the daily chart and is holding as Support for over a considerable period. For now, it is difficult to formulate a target for the pair, as it could remain
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