USD/CHF Stuck Between Key Supports And Resistances – Short Update

January 13, 2013 in Chart Alert

USD/CHF fell again and very strongly to as low as 0.9110 to indicate the bearish sentiments. However the price action since middle of September 2012 clearly indicate a lack of direction. The currency pair seems to be stuck between the psychological 0.9000 support and 0.9500 resistance.

The previous support trend line is acting as resistance now and a new resistance trend line has also come into picture for USD/CHF.

USD/CHF stuck between resistance and supports

USD/CHF trend lines

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