USDCHF Analysis, Daily Forex Analysis, July 27th 2010

By IBTimes Staff Reporter | July 26 2010 9:35 PM

USDCHF trades in a range between 1.0394 and 1.0675. Another rise towards 1.0675 resistance is expected later today. As long as this level holds, the price action in the range is treated as consolidation of downtrend from 1.1730 (Jun 1 high), and another fall to 1.0300 is still possible, and a breakdown below 1.0394 could signal resumption of downtrend, only rise above 1.0675 could indicate that the fall from 1.1730 has completed at 1.0394 already.

Sponsorship Link

width=400

[UPDATE] India's Central Bank, Weighed Down By Weak Rupee, Widening Current Account Deficit, Keeps Rates Unchanged Monday

[UPDATE] India's Central Bank, Weighed Down By Weak Rupee, Widening Current Account Deficit, Keeps Rates Unchanged Monday

Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

Euro Expected to Weaken Over the Next Few Months

Asian Stocks Tumble, Japan’s Nikkei Enters Bear Market Territory

Asian Stocks Tumble, Japan’s Nikkei Enters Bear Market Territory

In Depth

The Four Times NSA Surveillance Programs Stopped An Attack

The 4 Times NSA Says Surveillance Stopped Attacks

More Than Half Of Small Businesses Don't Apply Proper iOS Security To Prevent Apple Device Intrusion: Report

Unsecured iPhones Could Leak Small Businesses' Data

Italy’s Overcrowded Prisons: A Growing Tragedy Of Epic Proportions

Italy’s Overcrowded Prisons: A Tragedy Of Epic Proportions

Tesla Will Unveil On Thursday Its Long-Rumored Battery Swap Technology For The Model S, An Attempt To Quell Concerns Over Electric Vehicle Range

Tesla Will Present Its Battery-Swap System This Week

web counter