USD/CHF Update

Posted by: : Shayne HeffernanPosted on: January 3, 2014 USD/CHF Update

USD/CHF Update

USD/CHF intraday: the bias remains bullish. Pivot: 0.8955

Our preference: Long positions above 0.8955 with targets @ 0.904 & 0.906 in extension.

Alternative scenario: Below 0.8955 look for further downside with 0.893 & 0.89 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Opinion published is an intraday view. Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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