Forex | Forex | Forex: USD/CHF holds above 1.0600 (03/09/2009 22:38:00)

Forex: USD/CHF holds above 1.0600

FXstreet.com (Córdoba) – Dollar managed on Thursday to recover from early losses against the Swiss Franc and finished with gains. USD/CHF is holding above 1.0600. The next resistance levels are located at 1.0630 (September 3 high) and 1.0650 (Sep 2 lows). On the downside, between 1.0595 and 1.0610 the pair has a congestion area and below the next support lies at 1.0575. USD/CHF tested intra-week low on Thursday at 1.0545 but it failed to break below.

The Franc also fell against European currencies. GBP/CHF rose for second day in a row accumulating an increase of more than 120 pips. The pair rose above 1.7300 posting a fresh intra-week high at 1.7360. EUR/CHF found support at 1.5120 and rose at a slow pace. Despite Thursday results the pair is moving in a downtrend.



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