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6 Jan 2014
USD/CHF to consolidate ahead of important resistance?
FXstreet.com (London) - The July high’s trend line was a barrier for the USD/CHF but the pair breached that and set a new resistance and has since been drifting lower.
USD/CHF profit taking and consolidation is likely ahead of important resistance at 0.9085/00 engulfing the 100 DMA. This week comes with plenty of market data for the pair to be watchful for.
USD/CHF Levels
The 20 DMA is 0.8927, the 50 DMA is 0.9024 and the 200 DMA is 0.9251. RSI (14) reads 67.33. Supports are 0.8931, 0.8974, 0.8990, 0.9008. Spot is 0.9036 while resistances are 0.9061, 0.9085/00, 0.9110, 0.9131 and 0.9150.
USD/CHF profit taking and consolidation is likely ahead of important resistance at 0.9085/00 engulfing the 100 DMA. This week comes with plenty of market data for the pair to be watchful for.
USD/CHF Levels
The 20 DMA is 0.8927, the 50 DMA is 0.9024 and the 200 DMA is 0.9251. RSI (14) reads 67.33. Supports are 0.8931, 0.8974, 0.8990, 0.9008. Spot is 0.9036 while resistances are 0.9061, 0.9085/00, 0.9110, 0.9131 and 0.9150.