USDCHF 12-12-06

12-12-06

USDCHF

There was no trade in the last email for USDCHF. The range has been expanded to a high of 1.2090 and a low of 1.1999. Inside the range is a breakdown area of former support at 1.2040 which may turn the USDCHF lower once it is tested. A short trade at 1.2040 with a sell stop is a possible trade, but I would rather short the 1.2075 area because it will be a bigger profit zone back to the 1.2013 breakout area which will form if the USDCHF rallies higher this morning. I will hold out for a test of the 1.2074 area for my next USDCHF trade.