TD Fall Investing GuideTD Fall Investing Guide
Updated: Wed, 19 Dec 2012 04:32:58 GMT | By thecanadianpress.com

CHF Dollar FX trader

(Action Economics) - 19-Dec-12 08:16 - USD-CHF consolidates Tuesday's losses and settles around the 0.9125 area after buyers emerged ahead of 0.9110 in Asia.


(Action Economics) - 19-Dec-12 08:16 - USD-CHF consolidates Tuesday's losses and settles around the 0.9125 area after buyers emerged ahead of 0.9110 in Asia.

A better risk backdrop weighed on the dollar tone on Tuesday and in Asia.

In Europe, interest has slowed, but on the chart risk there is risk of a test of early May lows around 0.9050 and then the 0.9000 area from late April.

Natural demand should feature around 0.9100 and there is likely to be an options influence on dips.

Sellers are expected to use the 0.9170-0.9200 area for short term positions, while more resistance is tipped around 0.9220-30.

EUR-CHF is stable around 1.2075-80 after it recovered from yesterday's brief move towards 1.2065.

Copyright Action Economics

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