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Short

USD/CHF Daily Outlook

FX:USDCHF   U.S. Dollar/Swiss Franc
7 0 0
USD/CHF             has broken short term support at 0.9470 (Oct 9th low). On the downside break below will target 0.9396/0.9358 (Oct 15th low).
Minor resistance is around 0.9500.Any indicative break above would extend gain to 0.9520/0.9561.
Short term trend reversal only above 0.9561.
Recommendation: Sell USD/CHF             around 0.9462-65, SL 0.9501, Target 0.9400/0.9358.
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