Swiss Franc (CHF) Technical Major Currencies Mid-day Report (2009-09-08)

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Mid-day report

The dollar versus swissy pair was able to breach the main support level at 1.0550,with four-hour closing below it. The expected intraday downside movewas activated and its first target is around 1.0400. Our morning expectations remain intact, as long as the four-hourclosing isbelow the mentioned support level, to maintain the downside for the rest of the day.

The trading range for today is among the key support at 1.0300 and the key resistance at 1.0915.

The general trend is to the upside (so far) as far as 1.0550 remains intact with targets at 1.2245.

Support1.04801.04501.04001.03751.0300Resistance1.05501.06101.06601.07001.0740RecommendationOur morning expectation remains valid

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