USD/CHF Daily forex post- US session August 15, 2014

USD/CHF Technical view

Updated:  August 15, 2014 14:00:58 GMT
SPOT USD/CHF Previous day OHLC
Open High Low Close Change
0.9072 0.9085 0.9032 0.9065 -0.0009
Today's Support and Resistance
Resistance
Support
R3 0.9220
R2 0.9130
R1 0.9090
S1 0.9050
S2 0.9020
S3 0.8950

The dollar is lower versus the franc, coming off the session highs and holding below key supports at 0.9050. Close below and the losses should widen to 0.8950, negating the near term bullish view. Upside for now should be capped around 0.9130

Trend direction

  • Short term: Bullish
  • Medium term: Bearish
  • Long term: Bearish

Trading Recommendations

  • Short:

    • Short the pair at 0.9130 with stops at 0.9160 for targets of 0.9050
  • Long:

    • N/A