Weekly Forex Analysis


Master Trader
Jun 26, 2009

The USD\CHF has initiated a bullish trend with a strong momentum, but has stopped at 1.0300 Resistance. It retraced to 50.0 of the previous uptrend before continuing with strong momentum. It is expected to break the previous high and continue the uptrend.


The AUD\USD had broken the Triple Top that we have identified last week, and has reached the target and continued for several hundred pips. It is now in a descending channel with a very strong Resistance trend line which has been tested for 4 times. We would expect continuation of the downtrend - and will join it when price touches the Resistance trend line.

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