Forex: USD/CHF tests support at 1.0170

Wed, Nov 4 2009, 18:54 GMT
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FXstreet.com (Córdoba) – The Swiss Franc extended its gains against the Dollar. USD/CHF fell to 1.0167, posting a fresh intra-day low. The pair currently trades at 1.0173/75, 0.85% below today’s opening price. The Swissy is testing the support zone of 1.0170, the next one lies at 1.0150 (Oct 27 low) and below at 1.0100/05 (Oct 23 high).

The Franc is also higher against the Euro on Wednesday. EUR/CHF is testing levels below 1.5100. The pair failed earlier to break above 1.5125 and weakened. Against the Yen, the Swissy jumped posting important gains. CHF/JPY rose sharply from 87.90 to 89.35. The pair trades near the highs and is getting closer to 0.9000.

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