HighSky (HighSky)
Currencies  |  December 10, 2012 11:53:00

Swiss franc without major changes


The Swiss franc weakened against the dollar today by 0.1% d / d to 0.935. The market last week after the rise of the resistance band braked .938 .942. Other barriers and creates 0.946 0.949 0.951 band. The main support of the band 0.915 0.928.

USDCHF, daily comment

In the long term the market in spring showed significant growth signal, when he managed to overcome the triangle from the beginning of the year and reinforce important above the upper limit of resistance bands from 0.915 to 0.925, which previously provoked solid sales and it was difficult to overcome. The weakness of the Swiss franc significantly associated with anchoring minimum rate 1.2 EUR / CHF SNB and thus weakening the euro because of the euro zone debt crisis in better shape at the moment the U.S. economy.

Josef Kvarda
Analyst
HighSky Brokers

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