Thursday, July 29, 2010
Clare Werbeloff is known for something called “Chk Chk Boom”
Forex: USD/CHF breaks below 1.0590 session low, accelerating downtrend
The Dollar is building up downside momentum against the Swiss Franc, and, rejection from 1.0640 session high has extended below 1.0590 to session low levels at 1.0575 so far, and approaching previous resistance at 1.0565.
On the downside, the pair might find support at the mentioned 1.0565 (Jul 19/23 highs), and below here, 1.0535 and 1.0500 (intra-day levels).
On the upside, resistance levels remain at 1.0625 (session high) and above here, 1.0640 (Jul 27 high) and 1.0675 (Jul 12 high).