1 Jul 2013
USD/CHF retreats off highs
FXstreet.com (New York) - The USD/CHF foreign exchange rate has jumped higher Monday during US trading, though recently peaked at 0.9477 (session high), leading to a small easing.
USD/CHF still in positive territory
In these moments Monday, the USD/CHF is securing an advance of +0.20%, settling at the 0.9469 region. Briefing the technicals, Mataf.net analysts identify the next short-term measures of resistance at 0.9480, then 0.9509, and finally 0.9544. Meanwhile, support lies below at 0.9416, ahead of 0.9381, and 0.9352.
USD/CHF positive expectations above the 0.9400 barrier
According to the Technical Analyst Team at ICN.com, “The USD/CHF touched 50% correction of CD Leg of the Alternative bullish Bat Pattern and is now stable above the first target of the pattern represented in 38.2% correction at 0.9400. Trading above 0.9400 forces to keep our positive expectations.”
USD/CHF still in positive territory
In these moments Monday, the USD/CHF is securing an advance of +0.20%, settling at the 0.9469 region. Briefing the technicals, Mataf.net analysts identify the next short-term measures of resistance at 0.9480, then 0.9509, and finally 0.9544. Meanwhile, support lies below at 0.9416, ahead of 0.9381, and 0.9352.
USD/CHF positive expectations above the 0.9400 barrier
According to the Technical Analyst Team at ICN.com, “The USD/CHF touched 50% correction of CD Leg of the Alternative bullish Bat Pattern and is now stable above the first target of the pattern represented in 38.2% correction at 0.9400. Trading above 0.9400 forces to keep our positive expectations.”