Senin, 30 April 2012

Forex: USD/CHF up on stronger dollar

Forex: USD/CHF up on stronger dollar

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Forex: USD/CHF up on stronger dollar

FITITOL--> FXstreet.com (Barcelona) - The cross is hovering over the session highs as the greenback is slowly gaining traction on Monday.
After bottoming around the 0.9050 on Friday’s sell-off and better-than-expected Swiss KOF indicator, USD/CHF has managed to climb to the proximities of the 0.9080 region so far.

Ahead in the week, SVME PMI index (53.6 exp.) and the real retail sales (+1.1%) are also due in the alpine economy.

As of writing, the cross is up 0.06% at 0.9078
Next resistance levels are located at 0.9080 (hourly high Apr.30) ahead of 0.9108 (MA10d) then 0.9122 (high Apr.25) and 0.9130 (MA21d).
On the flip side, a breakdown of 0.9052 (low Apr.27) would bring 0.9036 (Lower Bollinger) then 0.9002 (low Apr.2) and 0.8931 (low Feb.24).

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