Jamie Pick

Published May 7th, 2009 - 06:34 GMT
Al Bawaba
Al Bawaba

My picks: enter USDCHF short at 1.1315, against 1.1425, target 1.0950
Expertise: Technical
Average Time Frame of Trades:
 



The USDCHF decline is likely to extend.  1.0925 is the 61.8% of the advance from 1.0367 and a target area.  Staying below 1.1421 keeps the pair on a path lower.  1.1315-1.1350 is resistance.