Wed, 22 Dec 2010 13:19:00 +0100
Forex: USD/CHF breaks below 0.9545, to hit 0.9505 session low
FXstreet.com (Barcelona) - The Dollar continues trading lower against the Swiss Franc, which rallies across the board on higher demand for safer assets, and the pair broke below November low, at 0.9545, to hit a fresh 2-month low at 0.9505 so far.
The pair is testing support at 0.9500/15 (psychological level/Daily pivot Point S2), with next levels, below here, at 0.9481 (Oct 14 low) and 0.9460 (Daily pivot point S3).
On the upside, the pair might find resistance at 0.9560 (Dec 14/17 lows), and above here, 0.9580 (session high), and 0.9610 (intra-day level).
| Technical Analysis (2010-12-22 12:15 GMT) | |
|---|---|
USD/CHF 0.9531/0.9535 - O: 0.9669 H: 0.9707 L: 0.9668 C: 0.9703 | |
| Trend | R3: 0.9583 |
![]() | R2: 0.9559 |
| R1: 0.9535 | |
| S1: 0.9484 | |
| S2: 0.9508 | |
| S3: 0.9532 | |




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