In Wednesday's trading session the pair came out of the range in higher side 0.8915 and it made a high at the level of 0.8931. The pair faced resistance at 21DEMA. In the daily chart oscillators are giving a positive direction, but as per the hourly chart oscillators basis, the pair will come back to retest the support levels of 0.89, 0.8896, and 0.8889, and then move to higher levels. The pair remains in a downtrend from 0.9082, February 2, 2014 high, and it extended its fall to 0.8853. We can see the level of 0.8500 if the price breaks 0.8800.
During the Asian trading session, the pair is trading at the level of 0.8906.
S1 0.8900 R1 0.8930
S2 0.8890 R2 0.8945
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on market trends you may visit via Technical analysis of USD/CHF for February 27, 2014 . Thanks for your support on Technical analysis of USD/CHF for February 27, 2014
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