Wednesday, April 04, 2007

USD/CHF - DAILY CHART ***
A DOUBLE ZIGZAG PATTERN...


The USDCHF continues to mark time between primarily 1.2100 and 1.2200. Well the decline from 1.2570 is the shot term Double ZigZag correction which have completed at 1.2029. And now we're seeing the breaking of potential trendline drawn off of the 2/12 & 3/12 and lets see will it give the the enough confidence for the upside.