USDCHF- 09:50 (CET)

20 November 2009 @ 07:24 am EDT

The price stopped yesterday twice at 1.0124 and today turned to try to break 1.0161 Swiss francs per dollar. If it continues going up, it will have to break yesterday's high, after consolidating the support. If it doesn't break both levels, the price will turn to yesterday's and today's low. Below, the price could lose 1.01 again, meeting with 1.0095 / 79 / 63, depending on the market's strength. In the daily candles chart, we can see how the short trend, marked from August's high, has been touched twice this week, turning after that.

Copyright 2009, Advanced Currency Markets SA, Forex Broker, All Rights Reserved

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