4 Sep 2013
USD/CHF poised to reclaim highs
FXstreet.com (Lisbon) - The USD/CHF foreign exchange rate turned higher again, rebounding off the 0.9365 level during European trading in recent moments.
The economic calendar looks to be front loaded with a healthy tranche of data out of the EMU beginning at 9:00 GMT – Markit PMI, GDP and Retail Sales will all be reported out of the EMU.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF is trading around 38.2% correction at 0.9380 which is the intraday interval of today’s session. Stabilizing above the referred to level might trigger another attempt to the upside. We will hold on to our positive expectations especially that Linear Regression Indicators support these expectations; of note, RSI is showing overbought signals which require not to break 0.9290 for the bullish possibility to remain valid.”
USD/CHF technical levels
The USD/CHF is presently residing in positive territory Tuesday, albeit at a +0.07% gain, which places it near the 0.9376 mark (earlier high at 0.9384). In terms of the technical levels, the USD/CHF is pointed higher and looks to face resistance at 0.9383, onto 0.9396, and 0.9415, calculates the Danske Research team.
The economic calendar looks to be front loaded with a healthy tranche of data out of the EMU beginning at 9:00 GMT – Markit PMI, GDP and Retail Sales will all be reported out of the EMU.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF is trading around 38.2% correction at 0.9380 which is the intraday interval of today’s session. Stabilizing above the referred to level might trigger another attempt to the upside. We will hold on to our positive expectations especially that Linear Regression Indicators support these expectations; of note, RSI is showing overbought signals which require not to break 0.9290 for the bullish possibility to remain valid.”
USD/CHF technical levels
The USD/CHF is presently residing in positive territory Tuesday, albeit at a +0.07% gain, which places it near the 0.9376 mark (earlier high at 0.9384). In terms of the technical levels, the USD/CHF is pointed higher and looks to face resistance at 0.9383, onto 0.9396, and 0.9415, calculates the Danske Research team.