CAD/CHF ST: the downside prevails as long as 0.906 is resistance
26-May-11
05:21
Our pivot point stands at 0.906.
Our preference: the downside prevails as long as 0.906 is resistance.
Alternative scenario: the upside breakout of 0.906, would call for 0.922 and 0.931.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (standing respectively at 0.9074 and 0.9245).
Supports and resistances:
0.922 *
0.906 **
0.9
0.8923 last
0.872
0.862 **
0.853 *
Ticker: CADCHF
