Market news
13.01.2011, 08:05

Techs on USD/CHF

Resistance 3: Chf0.9920               
Resistance 2: Chf0.9850              
Resistance 1: Chf0.9750
Current price: Chf0.9682
Support 1: Chf0.9660
Support 2: Chf0.9600
Support 3: Chf0.9515/20

Comments: Rate holds at higher bound of a channel from June, limited by Chf0.8630/Chf0.9750 (strong support/resistance respectively). Current retreat may be a correction after the rate failed to break above Chf0.9750 (Chf0.9780 - Jan 11 high). Minor support is around yesterday's lows on Chf0.9660 with a break lower extend losses to Chf0.9600 (Jan 07 lows). Further support comes at Chf0.9515/20 (Jan 07 high). If rise resumes dollar may break Chf0.9750/80. resistance comes at Chf0.9850 (Dec 13 high).

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