USD/CHF bearish strength extends

 @ibtimes on August 13 2009 7:36 AM

FXstreet.com (Buenos Aires) - Printing lower lows, and lower highs on daily basis, the pair is about to close the day with current candle crossing 20 SMA, and momentum about to cut upside down the 100 line. Both signal bearish rally could extend during the rest of the week, while break under 1.0680/90 support area will gave further confirmations. Next support zones come at strong 1.0650, ahead of 1.0620 and 1.0580 level. Above 1.0730, mentioned 20 SMA in the daily, next resistances come at 1.0765, 1.0840 and above 1.0880.

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