Forex | Forex | CHF approaches to intervention levels (09/07/2009 12:31:00)

CHF approaches to intervention levels

Fxstreet.com (Buenos Aires) – Swiss Franc is rising both against Euro and Dollar early Europe, following some optimism in rising stocks and futures, and suffering dollar fall due to China comments of diversification. EUR/CHF, the most watched pair by SNB to decide intervention measures, quotes just above 1.5100, and approaching quickly to intervention levels between 1.5000/1.5100. From actual price, supports lie at 1.5075 and 1.5045 ahead of 1.5000, while resistances come at 1.5145 and 1.5200 zone.

USD/CHF reached 1.0800 thus downside seem limited over intervention fears. Consider resistances at 1.0840 1.0880 and 1.0950 Supports will come at 1.0800 1.0770 and 1.0720.

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