USD/CHF Holds Support Despite FT Article Suggesting US AAA Rating In Jeopardy

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USD/CHF Holds Support Despite FT Article Suggesting US AAA Rating In Jeopardy

By Greg Michalowski on May 13, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

After breaking a rumored option barrier around the 1.10 level early in Asian trading on a USD sell off based on an FT Article suggesting the US AAA rating is in jeopardy, the USD/CHF hit the 61.8% retracement and has traded up. We will watch this level as support and target the 38.2% retracement directly below the converging 100 and 200 day moving averages.

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1 Comment :

Comment by DJ Curcio

2009-05-12 21:21:22

FT story was bogus - 2 years old

Reply to this comment

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