Daily Market Overview: USD/CHF

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 0.9152
Daily minimum: 0.9099

The currency couple has failed to overcome 0.9148 and is now attempting to form a base near an immediate support located at 0.9110. This level is unlikely to withstand bearish pressure for long, as USD/CHF has been trading in a downward sloping channel since Mar 15 and there is little chance of a reversal in the nearest future.

Daily Resistance: 0.9128; 0.9148; 0.9166.
Daily Support: 0.9110; 0.9079; 0.9042.
Daily Bias: Bearish.

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Wed, 21 Mar 2012 08:51:52 GMT

EUR/USD is capped by 1.3291/1.3325

Current bullish advancement of the pair is expected to come to an end near a strong resistance zone located at 1.3291/1.3325. Once EUR/USD is rejected by this area, it will recommence moving towards the long-term target at 1.2624.

Tue, 20 Mar 2012 19:44:14 GMT

Daily Market Overview: USD/JPY

Given a large amount of resistances USD/JPY is currently facing, it will take some time to erode the area from 83.52/84.20. Therefore the pair is likely to drop down to 82.90/77 first and only then current bearish correction will be deemed to be over.

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