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Archive for July, 2007

Short Term Analysis – July 2, 2007

Monday, July 2nd, 2007

USDCHF
USDCHF is in down trend, the fall from 1.2468 extended to as low as 1.2201, further decline towards 1.2146 (June 6 low) to reach the next short term cycle bottom is expected to follow in a couple of days. Near term resistance is at the down trend line from 1.2426 to 1.2341, as long as the trend line resistance holds, down trend will continue.

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