Thursday, July 2, 2009

ZKB: dollar / franc was able to recover

The recent decline in the dollar / franc below 1.0760 triggered further selling, but the pair managed to recover. However, according to analysts Zuercher Kantonalbank, an obstacle to the growth rate will be 1.0830. Breakthrough of the dollar / franc at that level would mean the completion of correction. The pair dollar / franc is trading at 1.0828.

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