FXstreet.com (Buenos Aires) – USD/CHF remains steady around 0.8960, near daily low set at 0.8942 just around US opening. The pair has been falling straight for 5 days already, accumulating over 400 pips to the downside this month. All time low, set on March 16th following Japan’s earthquake, lies at 0.8860.
The pair, that seems extremely oversold according to Valeria Bednarik, Fxstreet.com chief analyst, holds its “bearish momentum intact both in 1 and 4 hours charts, and despite extreme oversold readings are clear in both, pair seems not ready for a bullish corrective movement. Lose of 0.8940 daily low, should accelerate the slide towards mentioned record low”.
The pair, that seems extremely oversold according to Valeria Bednarik, Fxstreet.com chief analyst, holds its “bearish momentum intact both in 1 and 4 hours charts, and despite extreme oversold readings are clear in both, pair seems not ready for a bullish corrective movement. Lose of 0.8940 daily low, should accelerate the slide towards mentioned record low”.
0 comments:
Post a Comment