Forex: USD/CHF holds below 1.0300

By IBTimes Staff Reporter | September 17 2009 1:59 PM

FXstreet.com (Córdoba) - The Swiss Franc is holding below 1.0300 against the Dollar. The pair fell on Thursday to 1.0275 posting a fresh 14-month low. The next support lies at 1.0220. On the upside resistance is located at 1.0325 and above at 1.0360. The pair has fallen for the ninth time in the last ten days.

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The Swiss Franc is also extending a rally against Cable. GBP/CHF ended the day below 1.0700 for the first time since mid May. The pair bottomed at 1.6895 posting the lowest price in four months. In the last five days the pair accumulated a decline of 400 pips.

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