USD/CHF forecast
1 May 2009
H4 graph
The pair is being traded under the daily side uptrend’s lower bound; the trend is a “flag” figure in fact. Breaking of the lower bound was false recently, so upcoming breaking is likely to be a false one too. I’m expecting an uptrend to develop from current levels, and in case the pair grows above level 1.1525, the ascending impulse will be amplified, and resistance 1.1632 will be reached. If the pair will rise above 1.1632 afterwards, it will reach 1.1750.

Daily graph
