USD Gains on Interest Rate Hike Speculations
January 28, 2010 by ForexYard
Filed under Daily Forex Analysis
GBP/CHF:
The pair may be seeing some downward correction today. A breach of the upper Bollinger Band is evident on the 2 hour chart, while a bearish cross is evident on the 4 hour and 8 hour charts’ Slow Stochastic. The two hour, 8 hour and daily RSI are floating in the overbought territory, supporting the notion of a correction. Forex traders are advised to go short for the day.
