• Tech on USD/CHF

Market news

20 December 2010

Tech on USD/CHF

Resistance 3: Chf0.9920
Resistance 2: Chf0.9870               
Resistance 1: Chf0.9720
Current price: Chf0.9637
Support 1: Chf0.9630
Support 2: Chf0.9560/40
Support 3: Chf0.9460

Comments: Rate remains near session lows - initial support at Chf0.9630. Stronger level at Chf0.9560 (Friday lows). There is no major barriers doqn to Oct lows at Chf0.9460.  If rate back above Chf0.9720 (session high, Dec 17 high) the rate may rise up to Chf0.9870 (also 61.8% of Chf1.0070 - Chf0.9560). Further resistance is near Chf0.9920 (Dec 08 high).

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