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18 Jun 2013
USD/CHF retests 0.9200 barrier
FXstreet.com (New York) - The USD/CHF foreign exchange rate made an attempt at the upside that stalled at the 0.9215 level earlier during the afternoon of European trading.
At the time of writing, the USD/CHF technical pair is operating at the 0.9200 level, down -0.26% Tuesday. Following a break below support. Mataf.net analysts point to the next short-term measures of support 0.9205, then 0.9181, and 0.9147. Alternatively, resistance lies ahead at 0.9261, onto 0.9295, and 0.9318
USD/CHF maintains negative outlook following break below 0.9205
According to the technical analyst team at ICN.com, “The USD/CHF’s bullish bias since last week wasn’t enough to push it towards stabilizing above the harmonic upside support. Moreover, linear regression indicator 34 weakens the upside momentum of the pair and keeps the overall bearish bias. However, trading below 0.9345 keeps the possibility of a downside move valid, as the pair has to break 0.9205 levels to confirm this negative outlook.
At the time of writing, the USD/CHF technical pair is operating at the 0.9200 level, down -0.26% Tuesday. Following a break below support. Mataf.net analysts point to the next short-term measures of support 0.9205, then 0.9181, and 0.9147. Alternatively, resistance lies ahead at 0.9261, onto 0.9295, and 0.9318
USD/CHF maintains negative outlook following break below 0.9205
According to the technical analyst team at ICN.com, “The USD/CHF’s bullish bias since last week wasn’t enough to push it towards stabilizing above the harmonic upside support. Moreover, linear regression indicator 34 weakens the upside momentum of the pair and keeps the overall bearish bias. However, trading below 0.9345 keeps the possibility of a downside move valid, as the pair has to break 0.9205 levels to confirm this negative outlook.