Back
1 Oct 2013
USD/CHF on sideways range above 0.9050
FXstreet.com (Chicago) - USD/CHF extends parallel movement after reaching 0.9076 session highs in the afternoon of the American trading session.
USD/CHF Technical Levels
Technically speaking, the pair is offered at 0.9056 and oscillates between supports aligned at 0.9025 (January 24th lows), 0.8992 (session lows) ahead of 0.8939 (February 21st 2012 lows) and resistances set at 0.9075 (September 26th lows), 0.9116 (September 26th highs) followed by 0.9147 (August 19th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20. According to the ICN technical analysis team, “The pair is trying to move to the upside but is still limited below 127.2% Fibonacci at 0.9065 shown on graph. Therefore, the possibility of extending the downside move is still valid during the U.S. session unless the pair breaches 0.9110 levels.”
USD/CHF Technical Levels
Technically speaking, the pair is offered at 0.9056 and oscillates between supports aligned at 0.9025 (January 24th lows), 0.8992 (session lows) ahead of 0.8939 (February 21st 2012 lows) and resistances set at 0.9075 (September 26th lows), 0.9116 (September 26th highs) followed by 0.9147 (August 19th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20. According to the ICN technical analysis team, “The pair is trying to move to the upside but is still limited below 127.2% Fibonacci at 0.9065 shown on graph. Therefore, the possibility of extending the downside move is still valid during the U.S. session unless the pair breaches 0.9110 levels.”