Tanalys

USD/CHF MT: caution.

Pivot: 0.9400

Our preference: Up move expected towards 0.9650 0.9870.

Alternative scenario: A downside breakout of 0.94 would call for further weakness to 0.9240.

Comment: the pair is facing a pull back on its support, caution.

Trend: ST Ltd Upside; MT Range, we have been bullish since 15 MAY 2013 (0.9702).

Key levels Comment

0.9970*** Horizontal resistance

0.9870** Horizontal resistance

0.9650*** Horizontal resistance

0.9428 Last

0.9400 ** MT pivot point

0.9240 ** Horizontal support

0.9150 ** Horizontal support

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