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15 Aug 2013
USD/CHF back into positive territory
FXstreet.com (Barcelona) - USD/CHF is bid in the mid-morning of London markets, reaching 0.9358.
USD/CHF had reached a high of 0.9358 in London’s markets after the pair found some stability just sub of 0.9320. The pair is testing the 0.9355 area with eye's toward 0.9400 to match August highs and potentially break the descending trend line formed from highs in July above 0.9700. The dollar will be in focus again later today as CPI for the US comes out as well as jobs data.
USD/CHF retains a bullish bias
USD/CHF is still in positive territory but requires a close above 0.9390 and the August highs. The 20 dma 0.9303, 50 dma 0.9365, 200 dma 0.9354. RSI (14) reads 53. Supports are ascending from 0.9246, 0.9256, 0.9285 and 0.9297 and 93.00. Spot is currently 0.9358 while resistances are 0.9358, 0.9378, 0.9395 and 0.9405.
USD/CHF had reached a high of 0.9358 in London’s markets after the pair found some stability just sub of 0.9320. The pair is testing the 0.9355 area with eye's toward 0.9400 to match August highs and potentially break the descending trend line formed from highs in July above 0.9700. The dollar will be in focus again later today as CPI for the US comes out as well as jobs data.
USD/CHF retains a bullish bias
USD/CHF is still in positive territory but requires a close above 0.9390 and the August highs. The 20 dma 0.9303, 50 dma 0.9365, 200 dma 0.9354. RSI (14) reads 53. Supports are ascending from 0.9246, 0.9256, 0.9285 and 0.9297 and 93.00. Spot is currently 0.9358 while resistances are 0.9358, 0.9378, 0.9395 and 0.9405.