USD Trading Outlook (08-12-2015)

 

USD/CHF

Pivot: 1.0035

Likley scenario: short positions below 1.0035 with targets @ 0.9945 & 0.987 in extension.

Alternative scenario: above 1.0035 look for further upside with 1.0115 & 1.0175 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.0035.

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