USD/CHF Finds The Topside From Friday And Thursday As Resistance

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USD/CHF Finds The Topside From Friday And Thursday As Resistance

By Greg Michalowski on June 22, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The USDCHF is up on the day but has found the highs from Thursday and Friday as tough resistance. Those levels come in at the 1.8097 and the 1.0892 prices. The high today reached 1.0896. A break is needed to extend the upside.

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From a longer term perspective, the pair remains in a wedge/triangle formation with the 1.0934 and the 1.0712 providing the goal posts. A break higher would target the 1.1116 level

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