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Friday, April 16, 2010
Sundar C and Sheryll Brindo Hot Stills from Movie Vaada
US Dollar is appreciating against most currencies on European session and the USD/CHF broke above the narrow channel jumping from around 1.0510, to set a fresh attempt to break resistance at 1.0560/70 area.
On a general overview, Slobodan Drvenica, technical analyst at Windsor Brokers Lt sees the Dollar bearish while below 1.0560: "Continues to drift lower within a broad near-term flat consolidation. Under 1.0500, 14 Apr low, would risk a further push lower to possibly test 1.0433, 01 Apr pivot low. Break above 1.0561/1.0615 now needed to shift focus higher."
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