USDCHF-13:00 (CET)

23 November 2009 @ 07:47 am EDT

The pair is correcting lower, trading at 1.0096 francs per dollar. The bands of Bollinger show a volatility of 160 pips in the hour, while the RSI with one hour candles is clearly oversold.The price is getting closer to the 1.0100 resistance, an area of downwards rebound. If broken, the price will have the door open to seek the 50-days MA, which could act as a support.

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

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