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Forex: USD/CHF close the week at 0.9600

By FXstreet.com,  May 25, 2012, 04:30:00 PM EDT

FXstreet.com (San ) - After rallying from 0.9540 to reach 2012 high at 0.9610 as the CHF plunged on concerns toward Greece, its capital flight and bankruptcy, the USD/CHF has been trading in consolidation mode with a retracement to 0.9570 and recovery to the 0.9600 zone.

Curently the pair is trading at 0.9598, 0.15% above today's opening price action. Mataf.net analysts point to resistances at 0.9605 and 0.9630. On the downside, supports might be found at 0.9540, 0.9470 and 0.9425.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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