USD/CHF - 1.0424 ... Despite falling sharply fm last month's high of 1.0625 to 1.0216, the greenback rebounded strongly fm there n rallied to an intra-day high of 1.0528 on Friday b4 
retreating due to dlr's broad-based weakness in NY session, suggesting aforesaid rise fm 1.0216 has made a top there n initial choppy sideways trading is expected to be seen.Looking at the daily chart, dlr's rise fm 1.0216 signals the correction fm aforesaid top at 1.0625 has ended there n erratic upmove fm 08' record low of 0.9630 is likely to resume, a subsequent breach of 1.0528 wud signal such move has taken place n yield re-test of 1.0625, then later to 1.0714, being a min. 38% r of MT intermediate fall fm 1.2469 (Jun 07') to 0.9630. Therefore, buying dlr on present pullback in anticipation of resumption of recent upmove is recommended as only below 1.0356 (prev. res) wud suggest the price action fm 1.0625 is unfolding into a triangle n risk further decline twd 1.0260.Today, although Friday's decline has pressured dlr, reckon 1.0390/00 wud contain weakness n yield rebound, abv 1.0472 signals low is made, 1.0528 later
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retreating due to dlr's broad-based weakness in NY session, suggesting aforesaid rise fm 1.0216 has made a top there n initial choppy sideways trading is expected to be seen.Looking at the daily chart, dlr's rise fm 1.0216 signals the correction fm aforesaid top at 1.0625 has ended there n erratic upmove fm 08' record low of 0.9630 is likely to resume, a subsequent breach of 1.0528 wud signal such move has taken place n yield re-test of 1.0625, then later to 1.0714, being a min. 38% r of MT intermediate fall fm 1.2469 (Jun 07') to 0.9630. Therefore, buying dlr on present pullback in anticipation of resumption of recent upmove is recommended as only below 1.0356 (prev. res) wud suggest the price action fm 1.0625 is unfolding into a triangle n risk further decline twd 1.0260.Today, although Friday's decline has pressured dlr, reckon 1.0390/00 wud contain weakness n yield rebound, abv 1.0472 signals low is made, 1.0528 later
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