Friday, September 18, 2009

Barclays Capital: dollar / franc moves in the short-term downward trend

As noted by analysts Barclays Capital, pair dollar / franc moves in the short-term downward trend, while not yet passed the resistance at 1.0370, possibly reducing the level of 1.0210 and then to parity. Nevertheless, the 9-day relative strength indicator (RSI) is now in oversold territory, and bank analysts are increasingly worried soaring. Any break above the 1.0370 level may lead to upward movement to a mark of 1.05, with which, believe the bank should begin to sell a couple. At the moment pair dollar / franc traded at 1.0303.

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