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21 Jun 2013
USD/CHF trading at calculated resistance
FXstreet.com (New York) - The USD/CHF technical pair broke out during US trading Friday, in a session where most other majors are static.
USD/CHF capped by first resistance
Presently, the USD/CHF is now operating just below session highs at 0.9336, up a robust +0.66% in these moments. Technically speaking, the Mataf.net analyst team points to the next levels of resistive correction at 0.9335, onto 0.9403, and finally 0.9444. Conversely, the pair will face support at 0.9226, ahead 0.9185, and eventually 0.9117.
USD/CHF cant escape negative outlook
“The USD/CHF foreign exchange rate touched around the 0.9280 level which triggered the entry level suggested in the European session report, as the bearish possibility is still valid. The pair has to stabilize below 0.9210 to support this negative outlook from the AB=CD bearish harmonic Pattern.” warns the Technical Analyst Team at ICN.com.
USD/CHF capped by first resistance
Presently, the USD/CHF is now operating just below session highs at 0.9336, up a robust +0.66% in these moments. Technically speaking, the Mataf.net analyst team points to the next levels of resistive correction at 0.9335, onto 0.9403, and finally 0.9444. Conversely, the pair will face support at 0.9226, ahead 0.9185, and eventually 0.9117.
USD/CHF cant escape negative outlook
“The USD/CHF foreign exchange rate touched around the 0.9280 level which triggered the entry level suggested in the European session report, as the bearish possibility is still valid. The pair has to stabilize below 0.9210 to support this negative outlook from the AB=CD bearish harmonic Pattern.” warns the Technical Analyst Team at ICN.com.