Techs on USD/CHF

Market news

20 December 2010

Techs on USD/CHF

Resistance 3: Chf0.9920
Resistance 2: Chf0.9870
Resistance 1: Chf0.9720
Current price: Chf0.9687
Support 1: Chf0.9650
Support 2: Chf0.9560
Support 3: Chf0.9460

Comments: Support is around hourly lows on Chf0.9650/20. Stronger level - on Chf0.9560 (Asian lows). Then support comes at Oct lows on Chf0.9460. Break above Chf0.9720 will trigger the double-bottom formation on targeting Chf0.9870 (also 61.8% Fibo of Chf1.0070 - Chf0.9560 decline). Further resistance is at Chf0.9920 (Dec 08 high).

Techs on USD/JPY

German producer prices in November +0.2% m/m; +4.4% y/y.

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