USD/CHF - Dollar Swiss Franc, American Session - 24/08/09

 @ibtimes
on August 24 2009 8:49 AM

1,0601. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF broke the uptrend to begin a bearish movement. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,0630 (29 pips). The downtrend should continue to gather momentum.

Resistances
1,0630 - 1,0685
Supports
1,0550 - 1,0500

tags: Forex, usdchfauthor: Arnaud JeulinMataf.net offers technical analysis, forex news and currency converter.

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