Forex: USD/CHF pulls back to the 1.0310 area

By IBTimes Staff Reporter | September 21 2009 11:59 AM

FXstreet.com (Córdoba) - The Swiss Franc rose during the American session against the Dollar but is still down for the day. USD/CHF fell from 1.0385 to 1.0310. In case the pair drops below 1.0310 the Swiss could rose further. In the last hours USD/CHF moved inside a range between 1.0310 and 1.0330. Current price at 1.0325/29 is 0.15% above today's opening price. The pair is rising for the second day in a row but is still facing a downtrend pressure.

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The Swiss Franc also recovered against the Euro during the American session. EUR/CHF failed to hold above 1.5170 and fell finding support at 1.5150. The pair is still up for the day, but far from intra-day highs.

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