Forex | Forex | Forex: USD/CHF breaks 1.0830 and rises toward 1.0850 (30/06/2009 13:32:00)

Forex: USD/CHF breaks 1.0830 and rises toward 1.0850

FXstreet.com (Barcelona) - After testing 1.0800 level, USD/CHF has risen to break 1.0830 and post 1.0850 as fresh intra-day high. Currently the pair is trading around 1.0835/45, 0.20% above today's opening price.

The pair has been trading in a small range between 1.0780 and 1.0830 during the Asian and European session.

The Mataf.net team says that USD/CHF is looking for a trend: "USD/CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands."


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