USD/CHF Tests Support Again Between 1.0267 And 1.0278

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USD/CHF Tests Support Again Between 1.0267 And 1.0278

By Greg Michalowski on November 3, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The 1.0267 to 1.0278 level remains as support for the USDCHF. The pair fell sharply to this level earlier today, rose back higher and has fallen back down again. The 1.0267 level is where the trendline was broken earlier today. The 1.0278 level was yesterday’s high. the break higher today led to a higher move. The retracement back down toward support is a bit disconcerting but I expect to see buyers against the level with stops on a break below.

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