21.10.2008 14:19

USD/CHF techs:

USD/CHF techs:
Resistance 3: Chf1.1730

Resistance 2: Chf1.1600
Resistance 1: Chf1.1540
Current price: Chf1.1514
Support 1: Chf1.1400
Support 2: Chf1.1280
Support 3: Chf1.1140

Comments: Dollar keeps positive mood having pierced resent highs in the Chf1.1490/00 area. If the break proves to be sustained the fresh upside push to Chf1.1600 area seems highly probable. The nearest supports are at Chf1.1400 and Chf1.1290/80 zone. The key support remains at Chf1.1140 ( Oct 10, 14 lows) and its break is required to trigger the double-top formation, opening up a potential 250-point correction with the first target near Chf1.1095 (50% Chf1.0702-Chf1.1490).






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