International Business Times

Swiss Franc Economic Indicators Report

Despite intra-day losses, USD/CHF holds uptrend after Swiss data

USD/CHF is currently testing the 50-day SMA at 0.9784 and targeting the 1.0064-81 region (R1) immediately on the upside. If the uptrend continues, 1.0331-1.0434 region (R2) will form next key resistance level for the pair.

By Boby Michael | Dec 14, 2010 | IBTimes

USD/CHF in uptrend; aims 1.0331 (R2) above 1.0064 (R1)

The pair seems to have a weak resistance around last week's high of 1.0064 (also 23.6 percent Fibonacci retracement from 1.1729 to 0.9463) and fresh dollar supportive could take it to 1.0331, the 38.2 percent Fibonacci.

By Boby Michael | Dec 08, 2010 | IBTimes

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