Thu, 11 Oct 2012 06:54:56 GMT
USD/CHF gets rejected by 0.9406/44
An attempt to breach 0.9406/44 proved to be unsuccessful. Now the price is headed towards 0.9357/40 to confirm whether a change of polarity principle holds for the recently penetrated downward sloping line, which is now supposed to be a support level. USD/CHF may decline down to 0.9268/44, but is nonetheless viewed as bullish in the long run.