27.10.2008 10:57

USD/CHF techs:

Resistance 3: Chf1.1880
Resistance 2: Chf1.1780
Resistance 1: Chf1.1700
Current price: Chf1.1674
Support 1: Chf1.1580
Support 2: Chf1.1480
Support 3: Chf1.1420
Comments: The dollar remains under pressure before an output of data under US GDP which will be published on Thursday. It is expected, that rates of growth of the largest economy of the world in the third quarter will be negative (-0,5 %) against growth on 2,8 % in the previous accounting period. As the nearest support acts the area of a sessionllow on Chf1,1580. Overcoming of the given mark will open road to a Friday's low on Chf1,1480 and further to area Chf 1.1420 (area of September 11 high). The nearest resistance is located in the field of a session high, and also area October 22-23 high on Chf1.1700, above is located the peak on October 21 2007 on Chf1.1780. Overcoming of the given mark will open road to Chf1.1880/Chf1,1900 (area of October 2007 high).






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