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09th Feb - USD/CHF – Above Key Support / Below Long Term Resistance

09 February 2014

MONTHLY CHART:

Price action has been hugging the long term falling resistance line, yet to be breached.

WEEKLY CHART:

Dual support on this chart has come from the 0.8870 38.2% pullback level and channel base projection. This looks to be a pivotal area, and we wait to see if bulls find the power to launch a recovery.

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Next story:
13th Feb - Coffee Recovers off Long Term 76.4% Support

Previous story:
07th Feb - Cocoa Upmove Reaches Next Resistance Area

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