Published on FXDD (http://forex.fxdd.com)
Forex Trading News: USDCHF Continues to Hold Trading Range
By Mr. Danish FX
Created Sep 2 2008 - 12:00am

The USDCHF was able to break the 38.2% Fibonacci level (now support level) back on 8/8 and has been in a nice trading range ever since.  On 8/26, the pair was able to make a head fake above the key resistance of 1.1040, but was unable to build momentum dropping back into the range.  The USDCHF has tested the resistance a few times today during the Asian session with no success of breaking through.  We'll see if these levels hold as key CHF economic data is released at 1:45 AM.

    


Source URL: http://forex.fxdd.com/trading-news/6176/forex-trading-news%3A-usdchf-continues-hold-trading-range