Post by: pranjali on February 15, 2011, 06:15:11 am
Although the greenback retreated after intra-day brief bounce to 0.9680, intra-day support at 0.9680 should limit downside and bring another rebound later but break of 0.9749 (yesterday?s high) is needed to signal the correction from 0.9776 has ended and bring resumption of upmove for gain towards key resistance at 0.9776-84.
Source: Trade Idea Update: USD/CHF ? Buy at 0.9480 (http://feeds.actionforex.com/~r/CandlesticksIntradayTrades/~3/76QIuvPk6_U/)