Swiss Franc Technical Outlook

Published August 25th, 2008 - 05:52 GMT
Al Bawaba
Al Bawaba

The USDCHF is testing the confluence of the 38.2% of 1.3284-.9647 / former resistance. 



The area should provide some opposition to additional gains.  A push above 1.1040 faces resistance from the 2/13 high at 1.1105.  However, the pair is vulnerable to a sharp dollar pullback.  1.09 may be short term support.