15 Oct 2013
USD/CHF fueled to grounds by Washington talks
FXstreet.com (Chicago) - USD/CHF erases earlier gains partially on Washington developments below the 0.9130 front.
Market participants seem to be driving the markets by everything that happens or does not happen in Washington. The greenback is 0.30% stronger against the Swissy aiming to erase the 1.80% monthly losses incurred in this month.
USD/CHF Technical Levels
Price action reveals strong reactions to the latest announcements in Washington with no definitive solution to the political crisis in the US. After reaching the 0.9180 zone, the pair extends the bearish channel that finds grounds around the 0.9120 zone. Offered at 0.9131, the pair oscillates between supports aligned 0.9092 (October 9th lows), 0.9060 (October 8th highs) ahead of 0.9013 (October 8th lows) and the resistances set at 0.9143 (August 20th lows), 0.9176 (October 14th highs) followed by 0.9217 (August 16th lows). According to the FXstreet.com, the pair is slightly bearish on one-hour timeframe analysis.
Market participants seem to be driving the markets by everything that happens or does not happen in Washington. The greenback is 0.30% stronger against the Swissy aiming to erase the 1.80% monthly losses incurred in this month.
USD/CHF Technical Levels
Price action reveals strong reactions to the latest announcements in Washington with no definitive solution to the political crisis in the US. After reaching the 0.9180 zone, the pair extends the bearish channel that finds grounds around the 0.9120 zone. Offered at 0.9131, the pair oscillates between supports aligned 0.9092 (October 9th lows), 0.9060 (October 8th highs) ahead of 0.9013 (October 8th lows) and the resistances set at 0.9143 (August 20th lows), 0.9176 (October 14th highs) followed by 0.9217 (August 16th lows). According to the FXstreet.com, the pair is slightly bearish on one-hour timeframe analysis.