Tue, 04 Dec 2012 08:25:56 GMT
USD/CHF consolidates after breaching a trend line
As USD/CHF pair breached the upside line at 0.9275, the price moves down rather unwillingly. Therefore it is possible to see a retest of a trend-line in order to prepare a downside impulse. In any case, the target zone remains a 0.9191/80 area, where the monthly S1 and the weekly S2 intersect with the lower Bollinger band.