Forex Trading: USD/CHF Breaks Key Support

New York London GMT Tokyo Singapore

Forex Trading: USD/CHF Breaks Key Support

By Greg Michalowski on December 17, 2008 | More Posts By Greg Michalowski | Forex News By FXDD

usd/chf

USD/CHF has broken a major support level at the 100 Day MA nad 61.8% Retracement of its move from Sept 22nd at 1.0692 to the High 11/21 at 1.2297. Look for next support at the 200 Day MA around 1.0845 with immediate resistance now seen at old support around 1.1300 A retracement break back above resistance could yield 1.1492 (R2) and on to 1.1682 (R3) with a break below looking for the old low around 1.0692

Check Out These Related Posts:

If you like this article please...

Subscribe by RSS Subscribe by Email

Email This Post To A Friend

Recent News:

*Moody’s Changes China’s Ratings Outlook To Positive From Stable - 5 mins ago
Fonterra Raises 2009/10 Payout Forecast - 26 mins ago
*S. Korean Oct. Producer Prices Down 3.1% On Year Vs. 2.6% Fall In Sep. - 41 mins ago
*S. Korean Oct. Producer Prices Fall 0.8% On Month - 43 mins ago
India’s Economy Set To Grow Above 7% In 2011: PM - 58 mins ago

Opinions From Our Contributors

Commodities US Dollar Tops, While Precious Metal Stocks Bottom: There’s More To Seasonality Than Summer Doldrums ‘Worst Is Behind Us,’ UH Economist Says Non Farm Payrolls To Bring The Bears Out Eight Months Into The Rally, What’s Next For The US Stock Market And Gold? Update: Gold’s Expanding Arc In Daily Chart Back To Bubble Land Fuel Your Stock Portfolio With BHP Billiton: The Best-Run Commodities Company In The World Will Gold’s Historic Bull Run Spill Over Into Silver? Gold, Silver, Oil And Natural Gas Have Gone Wild! Why Now Is The Time To Buy All Things Silver! Read More »	Financials The Mob Rules - At Least So Long As Long As Goldman And The Fed Can Continue To Drive The US Dollar Into The Ocean Stock Picks For Monday: Citigroup, JDS Uniphase And General Electric Are Discount Broker Shares Worth Owning? Investment News Briefs: UBS Fined $13.3 Million; Exxon And Shell Sign Iraq Oil Contract; Shares Of Ancestry.com Soar On IPO Retaining Risk On Wall Street: Necessary But Painful A Still-Safe 18% Dividend In “Virtual Banks” Goldman Sachs ‘Shooting Fish In A Barrel’ Warren Buffett Goes “All In” On America… How To Play The Oracle’s Big Bet IASB At Odds With FASB On ‘Extend And Pretend’ Option Traders Suggest Further Retail Sector Weakness Read More »	Exchange Traded Funds Rydex Market Timer Funds: Extremely Mixed ETFs To Cover What Warren Buffett Is Buying 10 Reasons ETF Tracking Error Occurs Law Firm Files Class Action Lawsuit On Behalf Of Investors In ProShares Ultra Oil & Gas Fund (DIG) 6 Reasons To Watch China’s ETFs Five Tips For Trading ETFs The Carry Trade: What Is It And How To Play It? Midday Market Update: Jobs Report Cheers Wall Street Gold ETF: With Each Push Higher, Volume Has Been Declining Gold To Continue Its Record Run As Central Banks Stock Up Read More »
Stocks Combining Bollinger Bands On Rates Of Change In The VIX Is Another Bubble Building In Stocks, Commodities And Currencies? Month To Date Market Review S&P 500: Market Is Strong, But Correction Should Continue Doctor Up Your Portfolio With This Medical Communications Company Dendreon Corp.: Put This Promising Biotech Stock On Your Watch List Has Asia Dethroned Detroit As The Auto Sector Leader? Three Marketing Giants Adjust To The New “Post-Crash” Reality Market’s Reaction To The US Unemployment Report: Neither A Buyer Nor Seller Be Stock Market Movers: Nvidia, Blue Coat Systems, The Clorox Company Read More »	Forex Dollars And Books Revisited Weak U.S. Economy May Not Mean Weak Dollar This Time Australian Dollar: The Downside Prevails Canadian Dollar: Caution USD/JPY Moves Below The 89.82 Level As Stocks Move Back And Forth Swiss Franc: The Downside Prevails Japanese Yen: Under Pressure British Pound: The Downside Prevails Euro: Under Pressure Friday’s Forex Outlook Read More »	Economy Stimulus Is Only Stimulating “Economic Misery” The Problems With “Printing Your Way Out Of Debt” US Unemployment Rate Up Unexpectedly At 10.2%: Is The Economic Rebound A “Jobless Recovery”? US Commercial Property Sector: A Tsunami Of Red Ink Interesting Articles To Read US Unemployment Rate Troubling, But … Cartoon: It’s Still The Economy, Stupid Extension Of US Unemployment Benefits: Will That Really Benefit The Overall Economy? The Economic Implications Of Being Out Of Work For Six Months Or More Fed Signals “All Systems Go” For More Inflation Read More »