8 Aug 2013
USD/CHF eyes 0.9200 again
FXstreet.com (Barcelona) - USD/CHF had been consolidating above support 0.9200, making overnight highs 0.9232.
USD/CHF has since traded through 0.9200 support to reach a low of 0.9189, pulling back to 0.9220 and now resumes the figure again for a new attempt. The Swiss unemployment rate came in line at 3.2%. There is very little left on the calendar for the pair except from the US data today in the afternoon in the form of Initial Jobless Claims (July 27).
USD/CHF RSI approaching 30
USD/CHF is continuing within the descending channel although oversold signals are beginning to emerge with RSI approaching 30. The 20 dma is 0.9333, the 50 dma is 0.9379 and 200 dma 0.9358. RSI (9) 33.78. 0.9056, 0.9130, 0.9176. Spot is currently 0.9207 while resistance comes in at 0.9220, 0.9244, 0.9268, 0.9297 and 0.9310.
USD/CHF has since traded through 0.9200 support to reach a low of 0.9189, pulling back to 0.9220 and now resumes the figure again for a new attempt. The Swiss unemployment rate came in line at 3.2%. There is very little left on the calendar for the pair except from the US data today in the afternoon in the form of Initial Jobless Claims (July 27).
USD/CHF RSI approaching 30
USD/CHF is continuing within the descending channel although oversold signals are beginning to emerge with RSI approaching 30. The 20 dma is 0.9333, the 50 dma is 0.9379 and 200 dma 0.9358. RSI (9) 33.78. 0.9056, 0.9130, 0.9176. Spot is currently 0.9207 while resistance comes in at 0.9220, 0.9244, 0.9268, 0.9297 and 0.9310.