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USD/CHF: weekly technical levels for May 20 — 24, 2013

May 20, 2013 12:45 pm

Weekly technical levels:

Intraday technical levels:
Date & Time: 20/05/2013 12:50
Pair: USD/CHF 
Projected High: 1.0085 
Breakout (Buy Stop): 1.0030 
Strong Resistance (Sell Limit): 1.0000 
Current Pivot: 0.9640 
Strong Support (Buy Limit): 0.9280 
Breakout (Sell Stop): 0.9255 
Projected Low: 0.9205 
Observations:
If the trend is of an upside character, then the strength of the currency will be defined as following: USD is an uptrend and CHF is a downtrend.
Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account.

The material has been provided by InstaForex Company – www.instaforex.com

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