Finotec News Archive - August 22 2007

USD/CHF Daily Technical Reports

Prices sank o/n after Mon"s failed attempt to rise back above the daily uptrend line they broke below on Friday. O/s hourlies have then sent prices rebounding intraday from 1.2015

Benny Menashe
22 August 2007

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Technical Analysis:


Prices sank o/n after Mon"s failed attempt to rise back above the daily uptrend line they broke below on Friday. O/s hourlies have then sent prices rebounding intraday from 1.2015, and ahead of key support is at 1.1995. O/n high at 1.2070 has been retested, but no follow-through yet. Intraday studies are o/b, prefer to buy on a pullback.

Spot Price: 1.2065

Finotec Analysis Team
22 August 2007

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