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4 Mar 2015
USDCHF - Bullish above 0.9550/25 - 2ndSkies
FXStreet (Bali) - Chris Capre, Founder at 2ndSkies, notes that USD/CHF remains in bullish dynamics while above the key support zone between the 9550 - 9525 zone.
Key Quotes
"Treating 9550 as a ST support and role reversal level, the pair has bounced higher about 60 pips and showed some steady bullish price action today."
"For now, I'm staying bullish while above the key support zone between the 9550 - 9525 zone. Only a daily close below 95 (and perhaps 9450) would negate the bullish momentum."
Key Quotes
"Treating 9550 as a ST support and role reversal level, the pair has bounced higher about 60 pips and showed some steady bullish price action today."
"For now, I'm staying bullish while above the key support zone between the 9550 - 9525 zone. Only a daily close below 95 (and perhaps 9450) would negate the bullish momentum."