Friday, April 17, 2009

USDCHF (1.1465)

USDCHF is moving in a nice upward trend and gave some very good trades this week for traders aimming at intra-day targets. Currently a good buying level can be seen around 1.1415 for target above 1.1500 level. We might see USDCHF taking a dip from 1.1550 level and close this week around 1.1500 level.

Recommended Trade Levels

Trade 1: Buy USDCHF @ 1.1415
Trade 2: Buy USDCHF @ 1.1315
Stop: 1.1265
Profit Target 1: 1.1515
Profit Target 2: 1.1550

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