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Oct 22
Forex USD/CHF - May 18, 2011: Testing Level 0.8877
Wednesday, 18 May 2011 05:12

Yesterday: Open 0.8842 High 0.8883 Low 0.8798 Close 0.8804

Entering the U.S. trading session yesterday, Frank currency movements had a fairly sharp bearish on the range of 85 pips from its peak level with the trend line through the diagonal. Even had time to touch the support level at 0.8798. Overall daily high low range Frank currency yesterday was about 85 pips.

Currently, Frank looks to rebound.

There is no economic focus today for USD / CHF.

When you have opened up opportunities to increase the resistance level 0.8877 and 0.8947.

20110518_chf

We recommend that if the decline continues, opening opportunities to the support level at 0.8775 and 0.8708.

Prices shown on the graph line H1 and M10 MA05 bearish conditions is limited.

While the Stochastic indicator signifies bullish conditions.