07.08.2008 14:48

USD/CHF techs:

Resistance 3: Chf1.0720

Resistance 2: Chf1.0670
Resistance 1: Chf1.0610
Current price: Chf1.0
553
Support 1: Chf1.0470
Support 2: Chf1.0380
Support 3: Chf1.0300


Comments:
Dollar retreats after yesterday’s rally. Strong support is around Chf1.0470 (23.6% of the rise from Chf1.0010 to Chf1.0610, also channel support line from Jul 16). Below losses may widen to Chf1.0380. Stronger level comes around 50% Фибо on Chf1.0300/10. Minor resistance comes at yesterday’s highs on Chf1.0610. Stronger level comes near Chf1.0670 (channel line). Above the rise may extend to Chf1.0720 (Feb lows).






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