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Aug 2
USD/CHF - May 19, 2011: Testing Level 0.8760
Thursday, 19 May 2011 05:03

Yesterday: Open 0.8803 High 0.8845 Low 0.8784 Close 0.8810

Since trading began yesterday's Asian session, the currency tends to move sideways Frank but by early European session, Frank currency movements had a bullish to penetrate the diagonal line and the correction of up to 50 pips daily reached its lowest level at 0.8784.

Currently Frank bullish currency movements tend to be sideways.

The focus of today's economy for the USD/CHF is the CHF ZEW Economic Expectations in at 16:00 pm.

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

20110519_chf

We recommend that if the decline continues, opening opportunities to the support level at 0.8760 and 0.8708.

Prices shown on the graph H1 line MA05 and MA10 bearish conditions is limited.

While the Stochastic indicator indicating a bearish condition.