Friday 26 June 2009

Forex: USD/CHF falls to test 1.0800

Fri, Jun 26 2009, 17:18 GMT (Barcelona) - USD/CHF has fallen further in the American session after breaking down the 1.0830 support in the last hour. Pair is falling 1.10% so far today from opening price to the current 1.0800/10.

Valeria Bednarik, collaborator, comments: "Downside correction continues after reaching the 1.1020 zone, yet as expected contained by the lows 1.0800. Hourly chart indicators seem a bit exhausted to the downside, so we could expect some upside correction in the pair capped by 20 SMA in 4 hours charts. Support levels: 1.0830 1.0800 1.0760. Resistance levels: 1.0880 1.0920 1.0950."

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