WEEKLY OUTLOOK USD/CHF : March 20,2013

[acetraderfx]

WEEKLY USD/CHF OUTLOOK - 0.9480

20 Mar 2013 05:31GMT

As dlr has rebounded today due to renewed euro's weakness after a brief retreat fm a 6-month peak of 0.9567 to 0.9380 last week, outlook remains mildly bullish for upmove fm 0.9024 (Jul) to retrace MT downtrend fm 0.9972 (2012 high) to extend to 0.9610, 'loss of momentum' shud cap price at 0.9771.

Buy on dips in anticipation of such a move n only a daily close below 0.9380 wud risk stronger retracement of aforesaid rise to 0.9296/00.

STRATEGY : Hold long

POSITION : Long at 0.9425

OBJECTIVE : 0.961

STOP-LOSS : 0.941

RES : 0.9567/0.9607/0.9771

SUP : 0.9380/0.9339/0.9232