THE SWISS FRANC closed lower on Thursday and below the 10day moving average crossing confirming that a shortterm high has been posted. The lowrange close sets the stage for a steady to lower opening when Friday's night session begins trading.
Stochastics and the RSI are turning neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this week's decline, the reaction low crossing is the next downside target.
If it renews the rally off April's low, March's high crossing is the next upside target - - HY Markets’ analysts said (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
