CHF IS NEUTRAL

Jul 06, 2012 06:25 am

haney398 User

Posts: 21
Member since: 05/07/2012

USD/CHF is expected to remain trading in the 0.94 to 0.98 range.

Market Highlights and Technical Analysis
06-Jul vs USD 0.9691
Daily change: 1.05%
Daily high: 0.9714
Daily low: 0.9576
Support*: 0.9501
Resistance*: 0.9798

(-) New SNB chairman indicated the needs to keep EUR/CHF floor
(~) SNB kept interest rate at 0-0.25%, and maintained EUR/CHF floor at 1.20 in Apr
(-) SNB said EUR/CHF remained undervalued
(-) SNB may apply capital control to defend EUR/CHF floor on potential EUR collapse

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