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Technicals

USD/CHF - Dollar Swiss Franc, American Session - 23/07/08

23 Jul, 2008 @ 06:10 am EST
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1,0333. USD CHF is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a resistance below 1,0370. The consolidation should continue. We won't take a position.
Resistances
1,0370 - 1,0400
Supports
1,0290 - 1,0235

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