USDCHF-13:46 (CET)

20 November 2009 @ 08:18 am EDT

The pair is climbing, after breaking the resistance at 1.0200 francs per dollar. We could be in the presence of a pull back to that support, if the risk aversion declines in the next hours. Despite that, the next resistance above is at 1.0252 francs per dollar. The price is breaking the upper band of Bollinger, hinting a possible correction to the middle band, while the RSI is overbought.

If we observe the Stochastic, that indicator shows buying signs, right now.

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

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