02.10.2008 11:01

USD/CHF techs:

Resistance 3: Chf1.1420
Resistance 2: Chf1.1370

Resistance 1: Chf1.1300
Current price: Chf1.1289
Support 1: Chf1.1150
Support 2: Chf1.1065
Support 3: Chf1.0990
Comments: The Senate voted 74-25 in favor of legislation that links the rescue plan for financial companies to an increase in bank- deposit-insurance limits and tax breaks, after the House of Representatives rejected an earlier version of the bill. During voting the dollar has strengthened the positions. As the nearest resistance acts Chf1,1300 (area of a session high),above is possible growth to Chf1,1370 (area of Sep 8 and 9 high), and further to Chf1,1420 (Sep 11 high). The nearest support is Chf1,1150/40 (the level of 23,6 % FIBO of growth Chf1,0690-Chf1,1300, and also a yesterday's low), further is located Chf1,1065 (38,2 %) and Chf1,0990 (50,0 %).






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