19 Jul 2013
USD/CHF testing support
FXstreet.com (Barcelona) - USD/CHF is resuming lower from 0.9440 highs in London.
USD/CHF is testing the support slightly ahead of the 0.9400 handle on a day that lacks economic data and much in the way of activity on the last trading day of the week.
USD/CHF has a negative bias
Levels in the USD/CHF has 0.9480, the 50d ma acting as resistance before 0.9496. The pair has been capped before the 0.9500 handle and the march high is way out of sight. The March high puts pressures on the pair to the downside, from 0.9568 before the 0.9750 areas and July’s highs. The 200 day ma acts as key support and below here would open up a 78.6% retracement last station before the June lows in the 0.9200’s.
USD/CHF is testing the support slightly ahead of the 0.9400 handle on a day that lacks economic data and much in the way of activity on the last trading day of the week.
USD/CHF has a negative bias
Levels in the USD/CHF has 0.9480, the 50d ma acting as resistance before 0.9496. The pair has been capped before the 0.9500 handle and the march high is way out of sight. The March high puts pressures on the pair to the downside, from 0.9568 before the 0.9750 areas and July’s highs. The 200 day ma acts as key support and below here would open up a 78.6% retracement last station before the June lows in the 0.9200’s.