Forex: USD/CHF tests 1.0250 support

By IBTimes Staff Reporter | January 18 2010 5:25 AM

FXstreet.com (Barcelona) - The Dollar's decline against the Swissy from 1-week high at 1.0290 reached early Asian session has continued throughout the European morning to test 1.0250 support level. Currently the pair is trading around 1.0245/55, 0.20% below today's opening price action at 1.0275.

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According to the previous short term movement, bulls are going to test resistance barrier today. Affirms Tomas Cedavicius, chief technical analyst at Investija.com, Major positive trend can be initiated above resistance.

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