By
GCI Financial |
Technical Analysis | Aug 19, 2011 06:06AM GMT |
The Swiss franc fell against the dollar on Thursday, amid rumours that the Swiss National Bank (SNB) was adding liquidity via the currency forwards market.
In the Asian session, at 3:00GMT, the pair is trading at 0.7940, marginally lower from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.8002, followed by the next resistance at 0.8064. The first area of support is at 0.7866 level, with the subsequent support at 0.7792.
Please see the attached chart below...
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