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Wednesday, December 13, 2006
USD/CHF: Highs Again Prove Unsustainable, EUR/CHF Break 1.5950
USD/CHF spiked to a fresh session high as EUR/CHF ran stops above 1.5950. However, with 1.2035 printed and the action dying down in the cross the Dollar pair has again found that higher levels are proving unsustainable. Easing lower once more the comfort of the 1.2020's beckon but bulls remain adamant that a serious push for 1.2050 will be seen later in the day.
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