Daily Analysis for USDCHF, 12.11.2012

After a diverse trading, the currency pair USDCHF has made a second consecutive rise on Friday. The pair started with a value of 0.9459, as in the early trading course it kept downward direction. Subsequently, USDCHF reversed its move and realized a huge leap to catch the decline and finish the levels of 0.9482. If the bullish sentiment for the pair continue, it is expected to focus on the resistance of 0.9578. On a downside direction USDCHF will come down to the support levels of 0.9379.

Support: 0.9379, 0.9275, 0.9213;
Resistance: 0.9436, 0.9606;

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