09.06.2008 14:22

USD/CHF techs:

Resistance 3: Chf1.0400
Resistance 2: Chf1.0340
Resistance 1: Chf1.0240

Current price: Chf1.0178

Support 1: Chf1.0160

Support 2: Chf1.0020

Support 3: Chf0.9880

Comments: Dollar remains under pressure after Friday’s sell-off. The pare pierced minor support around Chf1.0200 and tested the stronger one – at Chf1.0160 Friday’s low). Lower the the losses may widen to Chf1.0020. Resistance comes at Chf1.0240 with a break above will open the way to the next resistance at Chf1.0340 (50% of Chf1.0520 - Chf1.0160 decline). Above the target comes at Chf1.0400.






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