Forex: USD/CHF in ranges between 1.0125 and 1.0190

Thu, Nov 5 2009, 20:41 GMT
http://www.fxstreet.com

FXstreet.com (Córdoba) – The Swiss Franc is moving sideways against the Dollar. USD/CHF trades inside a lateral channel with support at 1.0125 and resistance at 1.0190. Currently price at 1.0160/65 is only a few pips above the one it had at the beginning of the day. Greenback is recovering a small part of yesterday’s losses.

The ecPulse.com analysis team affirms: “Major pairs are narrow trading due to technical movements that took place throughout the currencies market after that the US report showed that Initial Jobless Claims plummeted to 512 thousand and the continuing claims dropped to 5749 thousand, whereas the ECB and the BoE decided to keep their interest rates unchanged.”

USD/CHF

© 2009 “FXstreet.com. The Forex Market” All Rights Reserved. Every effort is made to provide accurate and complete information. However, with the thousands of documents available, often uploaded within short deadlines, we cannot guarantee that there will be no errors. Any republication or redistribution of FXstreet.com content is expressly prohibited without the prior written consent of FXstreet.com.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.