Forex: USD/CHF ends week below 1.0200

FXstreet.com (Córdoba) – Despite falling on Friday, the Swiss Franc ended the week with sharp gains against the Dollar. USD/CHF finished below 1.0200 but far from intra-week lows that lie at 1.0117 (15-month low). The pair has fallen in 5 out of the last 6 weeks. USD/CHF is still under pressure and the downside bias has a strong support at a downtrend line in daily charts. On the upside has a key resistance level at 1.0230/50, a break above could send it higher.

Against Cable, the Swiss fell sharply on Friday. GBP/CHF extended the rally and finished above 1.6600 at a two week high. The pair rose 450 pips in the last two days.


GBP/CHF (Oct 17 at 05:08 GMT)

1.6646/53 (0.00%)

H 1.6656 L 1.6637

S3S2S1R1R2R3
1.65671.66081.66501.66501.66921.6733
[?]Trend Index[?]OB/OS Index
Slightly BearishNeutral
Data updated on Oct 17 at 05:08 (15-minute timeframe)

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