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US Dollar / Swiss Franc 02-09

Tuesday, 09 February 2010 15:53 GMT | Written by Jamie Saettele

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chf0209

Upside momentum in the USDCHF is strong. The pair is attempting a break above the top of a channel, which signals acceleration of the advance. 11026-11091 is a target area. Former resistance at 10647 is potential support.

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum. He is the author of Sentiment in the Forex Market. Follow his intraday market commentary and trades at DailyFX Forex Stream. Send requests to receive his reports via email to jsaettele@dailyfx.com.

DailyFX provides forex news on the economic reports and political events that influence the currency market.
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