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25 Jun 2013
USD/CHF cannot sustain thrust above 0.9400
FXstreet.com (New York) - The USD/CHF technical pair has surged during US trading, peaking briefly at the 0.9409 level (intraday high) earlier, before falling back below the 0.9400 barrier.
USD/CHF must trade above 0.9375 to avoid negativity
“The USD/CHF is trading in volatility below Linear Regression Indicator 55 and below the harmonic support that turned to resistance. Trading below 0.9375 is negative, but we prefer stability below 0.9340 to further support this outlook.” notes the Technical Analyst Team at ICN.com.
USD/CHF trading above resistance
Technically speaking, the pair is operating at 0.9387, or a robust +0.58% in these moments. Following a break above resistance at 0.9371, the USD/CHF will look towards resistances at 0.9411, then 0.9444. Alternatively, a movement lower will initiate supports at 0.9302, ahead of 0.9273, and 0.9233, calculates the Mataf.net analyst team.
USD/CHF must trade above 0.9375 to avoid negativity
“The USD/CHF is trading in volatility below Linear Regression Indicator 55 and below the harmonic support that turned to resistance. Trading below 0.9375 is negative, but we prefer stability below 0.9340 to further support this outlook.” notes the Technical Analyst Team at ICN.com.
USD/CHF trading above resistance
Technically speaking, the pair is operating at 0.9387, or a robust +0.58% in these moments. Following a break above resistance at 0.9371, the USD/CHF will look towards resistances at 0.9411, then 0.9444. Alternatively, a movement lower will initiate supports at 0.9302, ahead of 0.9273, and 0.9233, calculates the Mataf.net analyst team.