USD/CHF Hourly Snapshot

New York London GMT Tokyo Singapore

By Greg Michalowski on July 9, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

Usd/Chf has been in a rather tight trading range in the past couple of days. For the short run there are various levels of support which might be helpful to check out. As the hourly chart below indicates the 100 hour Moving Average of 1.0879 and the 50% Fibo of 1.0871 should be tough areas of support.

A break below should bring Usd/Chf down to the 61.8% Fibo of 1.0855 and 200 hour Moving Average of 1.0851. Swiss might be hard pressed to crack these levels.

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