USD has advanced further against the Swiss and is challenging very import resistance levels. The pair is at parity and should be affected by todays US ISM and PMI reports at 15:00 GMT.   Intraday bias is towards to the upside with target of 1.0255 & downside break of 0.9851. support is needed to indicates short term reversal. Otherwise, outlook will stay cautiously bullish in case of retreat. Continued support is needed to indicates short term reversal. Otherwise, outlook will stay cautiously bullish in case of retreat.

Trend : Slightly Bullish

Expect some volatility in the pair today

2016-03-01_5-04-20b

 

2 thoughts on “USD/CHF parity and beyond”

  1. Wayne McDonell - TradersWay.com says:

    Please add a little more commentary, such as mentioning news events and/or a step by step plan. In this case, you could also zoom into your pivots so we can have a closer look.

  2. Miles Nummularius says:

    Thank you Horace for the analysis.
    Wayne’s suggestions are greatly appreciated.
    In fact I was just wondering what would be your plan in the given scenario.
    The challenge to a very important resistance level that you state at the beginning would imply a retracement or the beginning of a reversal,
    but then you say that “Continued support is needed to indicates short term reversal” and your outlook is bullish?

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