Forex news, franc rate. Another comment on relatively overrated rate of Swiss national currency has been made by Thomas Jordan, the Vice Chairman of Swiss National Bank.
He has again assured that the National Bank Governing Board is ready to take every possible measure to hold the rate of franc against euro at the threshold level of 1.2.
Rate of Swiss franc stopped falling against US dollar. Experts of Мasterforex-V Trading System notice the end of long-term sub-wave А(С)/С within long-term bullish wave А/В. Bullish sub-wave, supposingly В(С), is currently being formed; resistance to it will be provided by sloping channel MF and pivot MF 0.9131. Bearish trend of USDCHF currency pair will continue when minimal point 0.8930 is passed, and sub-wave А(С)/С is formed. The closest support will be provided by Fibonacci point 0.8894/86.
