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20 Jun 2013
USD/CHF trading at calculated resistance
FXstreet.com (New York) - The USD/CHF technical pair shot up yesterday following the FOMC, though recently peaked at the 0.9350 level (session high), before easing slightly in recent moments.
USD/CHF bullish extension not valid
According to the Technical Analyst Team at ICN.com, “The USD/CHF moved to the upside but until now it is still limited below the previously broken harmonic support level. Stability below the support that turned to resistance 0.9375 and below 78.6% correction at 0.9340 forbids us from suggesting a bullish extension.”
USD/CHF resistance remains intact
Amidst the recent steadfast performance today, the USD/CHF is now settling at 0.9339 in these moments, securing a gain of +0.62% above it’s opening. With the pair firmly entrenched in positive territory, the Mataf.net analyst team points to the next levels of resistive correction at 0.9331, onto 0.9399, and finally 0.9476. Conversely, the pair will face support at 0.9186, onto 0.9109, and eventually 0.9041.
USD/CHF bullish extension not valid
According to the Technical Analyst Team at ICN.com, “The USD/CHF moved to the upside but until now it is still limited below the previously broken harmonic support level. Stability below the support that turned to resistance 0.9375 and below 78.6% correction at 0.9340 forbids us from suggesting a bullish extension.”
USD/CHF resistance remains intact
Amidst the recent steadfast performance today, the USD/CHF is now settling at 0.9339 in these moments, securing a gain of +0.62% above it’s opening. With the pair firmly entrenched in positive territory, the Mataf.net analyst team points to the next levels of resistive correction at 0.9331, onto 0.9399, and finally 0.9476. Conversely, the pair will face support at 0.9186, onto 0.9109, and eventually 0.9041.