Daily Market Overview: USD/CHF

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank
Daily maximum: 0.9050
Daily minimum: 0.9004

The American dollar traded flat against the Swiss Franc on Tuesday as the pair is still being confronted by 0.9000 and 0.9100 levels.

Daily Resistance: 0.9053; 0.9100; 0.9232. 
Daily Support: 0.8995; 0.8972; 0.8906. 
Daily Bias: Strongly bearish.
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Actual Topics

Wed, 04 Apr 2012 06:05:04 GMT

Fed considers cancelling new accommodation as economy improves

Federal Reserve board claim the recovering US economy reduces the urgency for additional stimulus. FOMC explained the new accommodation may be implemented only in case if economy slows sharply. Fed also reiterated it still plans to keep its key interest rate close to zero by the end of 2014. US stock indices declined on the news.

Tue, 03 Apr 2012 18:06:16 GMT

Emerging patterns: USD/CHF 1H Chart: Falling Wedge

USD/CHF bounced off the resistance level at 0.9003 and formed a falling wedge pattern on the 1H chart. The formation has 72% quality along with 53% magnitude within 125 bars.Greenback has been depreciating against Swiss Franc during last two weeks, and decreased to  0.9038.  The price was capped twice at 0.9092, then at 0.9071, and dropped to the resistance around

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