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USD/CHF Will Look For A Support At 0.9140 And 0.9090

Sameer Kapoor 12 April 2012

USD/CHF clearly made impulsive recovery from 0.9000 low, which means that bottom has been reached and that pair will move much higher in sessions and days ahead. In fact, pull-back from the most recent high appears corrective, which supports a continuation of a current uptrend firstly through red falling trend-line and much higher after that.

Support for wave 2) comes in at 0.9140 and 0.9090, while invalidation level stands at 0.9000.