USD/CHF - Dollar Swiss Franc, American Session - 13/01/09

 @ibtimes
on January 13 2009 5:15 AM

1,1206. USD CHF is in a consolidation after the last bullish movement. There is an horizontal range between 1,1125 and 1,1225. Support and resistance are given by Bollinger bands. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.

Resistances
1,1230 - 1,1290
Supports
1,1145 - 1,1060

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