Tech on USD/CHF

Market news

12 May 2011

Tech on USD/CHF

Resistance 3: Chf0.9010 (Apr 19 high)

Resistance 2: Chf0.8970 (resistance line from Feb 11)

Resistance 1: Chf0.8880 (Apr 22-25 and May 11 high)

Current price: Chf0.8869

Support 1: Chf0.8840 (session low, support line from May 5)

Support 2: Chf0.8780 (May 11 low)

Support 3: Chf0.8700 (May 10 low)

Comments: the pair bargains in the field of the high reached yesterday. The nearest support - Chf0,8840. Below loss may extend to Chf0.8780. The nearest resistance - Chf0.8880. Above is located Chf0.8970.

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