USD/CHF’s fall from 0.9049 continued last week despite interim recovery. As noted before, rebound from 8825 should have completed after rejection by channel resistance. Deeper decline is expected as long as 0.9000 resistance holds, to 0.8825 low. Break of 0.8825 will target 50% retracement of 0.8332 to 0.9223 at 0.8778 next. However, break of 0.9000 […]
Daily Pivots: (S1) 1.3577; (P) 1.3609; (R1) 1.3653; More… USD/CAD’s rebound from 1.3418 is still in progress and intraday bias stays on the upside. Decisive break of 38.2% retracement of 1.3946 to 1.3418 at 1.3505 will target 61.8% retracement at 1.3559 next. On the downside, below 1.3566 minor support will turn intraday bias neutral first. […]
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