31st May - USD/CHF Making New 2012 Highs
31 May 2012
WEEKLY CHART:
The earlier breach of channel top resistance was a bullish sign.
The 0.9674 Mar-08 low had offered resistance but the market has started to push further. Next upside focus is on the 0.9955 61.8% retracement level.
DAILY CHART:
The recovery off the former 23.6% support has now exceeded the 0.9594 Jan high.
Besides levels on the longer term charts here note a Fibo projection at 1.0065 as the next possible target.
The Jan high and 0.9334 15-Mar high offer support points now.
Next story:
06th Jun - Sugar Drops Towards Dual Support 
Previous story:
31st May - How High the Bonds?