Forex: USD/CHF trades below to 1.0000 level

By IBTimes Staff Reporter | December 02 2009 7:41 AM

FXstreet.com (Barcelona) - The Dollar is trading in a narrow range against the Swissy today's European session just below the 1.0000 level after attempting to break it and hit 1.0008 as intra-day high.

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Currently the pair is trading between 0.9975/95 range, close to today's opening price at 0.9992

The Kshitij Consultancy Service Team comments: Swiss is continuing to trade in a very narrow range in which it has been trading since the US session yesterday. As no significant move on either side was not see during the day also, our view continue to remain the same on the pair. The broader picture continue to remain bearish and we expect the Resistance in 1.0050-75 region continue to hold. On the downside a strong break below the immediate Support at 0.9980 might see 0.9875-50 on the downside over the next few days.

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