USDCHF – Possible Rebound 17 Jul 2013

Dollar swiss

The USDCHF rebounded from 0.9357 levels, now pressure will be on the key resistance 0.9445,the USDCHF will have to hold above the 0.9445 levels on a 4 hour closing basis to push the market for further upside gains, If seen, It will target the 0.9533 levels where a breach will flip bias back to the upside for retesting  0.9750 levels .

On the downside, stability below the 0.9357 levels will extend weakness towards the 0.9240 levels ahead of the 0.9175 levels.

In all, the USDCHF is likely to consolidate within 0.9357/0.9533 range before the next breakout.




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