22.10.2008 14:16

USD/CHF techs:


Resistance 3: Chf1.1980

Resistance 2: Chf1.1890
Resistance 1: Chf1.1780
Current price: Chf1.1674
Support 1: Chf1.1600
Support 2: Chf1.1480
Support 3: Chf1.1400

Comments: Dollar keeps positive mood having pierced resent highs in the Chf1.1590/00 area. If the break proves to be sustained the fresh upside impetus to Chf1.1780/00 area is likely (38.2% of Chf1.5305-0.9630 and channel top). Closest support spotted at Chf1.1600. Fall below previous resistance at Chf 1.1480/00 to bring further the test of Chf1.1400 (previous resistance and lower bound of the upside channel).






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