Forex: USD/CHF finds support at 1.0850

Monday, July 6, 2009

Mon, Jul 6 2009, 19:26 GMT

http://www.fxstreet.com

FXstreet.com (Córdoba) – The Dollar is falling today against the Swiss Franc. USD/CHF reached earlier a one-week high at 1.0955 but later, fell more than 70 pips during the American session. The pair found support at 1.0850. So far today USD/CHF has lost 0.25% from the opening price. On the downside, the next support lies at 1.0825 (July 3 low). Resistance, on the other way, is located at 1.0865 and 1.0900.

The Swissy also rose today against the Euro. EUR/CHF fell below 1.5200 during the American session. The pair reached at 1.5150 the lowest price of the day and also the lowest since the Swiss National Bank intervened in the currency market on June 24.

USD/CHF

USD/CHF (Jul 06 at 19:38 GMT)

1.0861/66 (-0.17%) H 1.096 L 1.0842

EUR/CHF

EUR/CHF (Jul 06 at 19:42 GMT)

1.5164/65 (-0.11%) H 1.521 L 1.5147

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