Swiss Franc Rangebound

Published January 21st, 2008 - 01:36 GMT
Al Bawaba
Al Bawaba

Commentary:  The price action in USDCHF remains unresolved. The pair continues to travel the well worn path of the 1.1065-1.0975 range alebeit with a slightly downward bias. Nevertheless, any attempts to sell it may be premature. To confirm the downtrend Swissie needs to conclusively break 1.0978 suport on it s way to a test of 1.0850

Strategy:  Flat