USD/CHF - Dollar Swiss Franc, European Session - 20/08/09

 @ibtimes on August 20 2009 2:19 AM

1,0665. USD CHF is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,0685 (20 pips). The downtrend should continue on 1,0550 support (115 pips).

Resistances
1,0790 - 1,0835
Supports
1,0750 - 1,0675

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

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