Forex: USD/CHF ends week below 1.0400
Fri, Oct 2 2009, 22:58 GMT
http://www.fxstreet.com/
Forex: USD/CHF ends week below 1.0400FITITOL-->FXstreet.com (Córdoba) – Dollar closed the week with gains against the Swiss Franc for the first time after three with losses. USD/CHF moved away from intra-week highs. The pair peaked at 1.0452, posting a fresh 3-week high on Thursday but then pulled back ending Friday around 1.0350. USD/CHF is moving with an upside trend in four hour chat but still faces a downside pressure in bigger timeframe charts. The Swiss also lost ground against Cable. GBP/CHF pulled back strongly after falling to a 7-month low at 1.6219. The pair managed to finish the week above 1.6500.EUR/CHF plunged Thursday and Friday, losing completely the gains of Wednesday: the pair rallied surprisingly jumping from 1.5070 to 1.5240 bringing the attention to the Swiss National Bank.
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