13.11.2008 12:24

USD/CHF techs:

Resistance 3: Chf1.2000
Resistance 2: Chf1.1960
Resistance 1: Chf1.1890

Current price: Chf1.1877
Support 1: Chf1.1850
Support 2: Chf1.1790
Support 3: Chf1.1700

Comments: The pair has established a new high of 2008 (Chf1,1960, and also area of low of July 2007 and the top border of the ascending channel since July 13) which at present acts as area of resistance. Return to Chf1,1960 is possible after overcoming level Chf1,1890 (61,8 % FIBO of falling Chf1.3285-Chf1.0455). Above Chf1,1960 growth to psychological level Chf1,2000 is possible. Intermediate support acts the area of a session low on Chf1.1850 is represented (and also the level of 23,6 % FIBO of growth Chf1.1550-Chf1.1960), stronger level of support is 31.8 % FIBO on Chf1.1790. Overcoming of the given mark will open road to Chf1.1700 (61.8 %).






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