Back
28 Aug 2013
USD/CHF stabilizes above 0.9200 region
FXstreet.com (New York) - The USD/CHF foreign exchange rate surrendered its grip on the 1.0500 barrier earlier today, now situating itself for a push above it.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF moved to the upside and is trading again above 0.9205 weakening the possibility of a downside move. Since the pair is stable below 0.9265 represented in 78.6% correction, the possibility of bringing bearishness back is valid. To support the mentioned idea, the pair has to stabilize again below 0.9205 to bring negativity back.”
USD/CHF technical levels
The USD/CHF is still entrenched in positive territory Wednesday at 0.9217, en route to a steadfast gain of +0.41% above it’s opening. In terms of the technical levels, the USD/CHF will look to test resistance at 0.9229, a break of which will open up 0.9246, and 0.9268, notes the Danske Research Team.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF moved to the upside and is trading again above 0.9205 weakening the possibility of a downside move. Since the pair is stable below 0.9265 represented in 78.6% correction, the possibility of bringing bearishness back is valid. To support the mentioned idea, the pair has to stabilize again below 0.9205 to bring negativity back.”
USD/CHF technical levels
The USD/CHF is still entrenched in positive territory Wednesday at 0.9217, en route to a steadfast gain of +0.41% above it’s opening. In terms of the technical levels, the USD/CHF will look to test resistance at 0.9229, a break of which will open up 0.9246, and 0.9268, notes the Danske Research Team.