USD/CHF Mid-Day Outlook

Jul 22 2010

Intraday bias in USD/CHF is cautiously on the downside for the moment and break of 1.0399 will confirm that recent fall from 1.1729 has resumed. In such case, next target will be outer trend line support (0.9634, 0.9916, now at 1.0017). On the upside, above 1.0559 will bring another recovery