I am looking for a continuation of the uptrend on the USDCHF. At the moment 1.0390 to 1.0400 seems to be providing some resistance. A break above this level should see a push towards the next targeted sell level at 1.0486. As the market approaches the sell area, monitor the price action for a failure off of that zone for a bounce back towards 1.0400 again.

Dustin

This entry was posted on Thursday, July 24th, 2008 at 4:54 pm and is filed under Bank Flow. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.