Finotec News Archive - September 07 2007

USD/CHF Daily Technical Reports

Fail to break resistance level 1.2035 will be strong sell signal

Rodian Rahnayev
07 September 2007

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USD/CHF 7.9.2007

We decided to cover our short near the entry after prices showed no immediate inclination to extend losses much below the figure and with recent daily lows grouped in the 1.1983-90 range. Today"s breaking of the uptrend line from the Aug 6 major low, now resistance at 1.2033, puts us in the bear camp and looking for a better sell spot.

Finotec Analysis Team
07 September 2007

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Time Event Currency Period Previous Forecast Significance Actual
14:00Wholesale Inventories m/mUSDJul0.5%0.5%2information
12:30Nonfarm Employment ChangeUSDAug92K110K3information
12:30Unemployment RateUSDAug4.6%4.6%3information
12:30Average Hourly Earnings m/mUSDAug0.3%0.3%3information

Real Time Forex Quotes

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USD/CHF 1.1010 1.1015 20:59:46 0.00%

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