The pair drifted on the soft US data. The pair made a double top and started moving lower. As of now, today the pair made a low at 0.9584, support exists at 0.9575 and 0.9558 levels. The intra week support exists at 0.9520. In the h4 chart, we can observe higher lows and higher high swings. But in ten-hour chart, lower lows and lower swings are forming. It represents mixed views in a tight range. The support zone exists between 0.9500 and 0.9477 levels. For an intraday session, the pair looks weak below 0.9578 levels. Speculators can buy at a market price of 0.9592 with sl 0.9580 and targets at 0.9605, 0.9620, above this, 0.9640 and 0.9660 levels. We recommend selling below 0.9578 for targets at 0.9560, 0.9545 and 0.9500 levels. Traders today eye the US jobs data. The pair will regain strength above 0.9610 levels on an intraday basis.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/CHF for November 05, 2014 . Thanks for your support.
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