21.05.2008 10:51

USD/CHF techs:


Resistance 3: Chf1.0570
Resistance 2: Chf1.0480
Resistance 1: Chf1.0400
Current price: Chf1.0380
Support 1: Chf1.0360
Support 2: Chf1.0280

Support 3: Chf1.0220
Comments: Dollar remains under pressure with a strong support comes at Fibo level on Chf1.0360 (50% of Chf1.1104 - Chf0.9640 decline). Break under will point to a further decline to channel support line from Mar 17 on Chf1.0280 and then – to Chf1.0220. Strong resistance is around Chf1.0400 (23.6% of the slide from May 19). Above there is a room for a rise to Chf1.0480 and Chf1.0570 (May 19 high).






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