USDCHF (1.0588)

USDCHF is moving in a very nice downward trend. It currently seems
that USDCAD will keep its downward momentum and long term traders will
look to sell it on rise to 1.0670 level. Initial target will be around
1.0550 level, which traders might extend to 1.0500 level. In case
USDCHF rise above 1.0750 level, the trade can be averaged out.

Recommended Trade Levels

Trade 1: Sell USDCHF @ 1.0670
Trade 2: Sell USDCHF @ 1.0770
Stop: 1.0820
Profit Target 1: 1.0550
Profit Target 2: 1.0500