Back
26 Aug 2013
USD/CHF, limits reached?
FXstreet.com (Chicago) - USD/CHF remains trading stronger compared to today’s opening with 0.15% daily gains so far. The pair is capped by strong 0.9238 ceiling reached at consecutive times throughout the day. Dipping from 0.9245 to 0.9204 bottoms, the greenback recovered most losses to now mark gains but continues giving in to bears.
Weak US data
Price action reveals strong resistance after impulsive reaction post durable goods orders in the US. The ICN technical analysis team reports a weekly range between 0.9080 support and key resistance at 0.9485.
USD/CHF Technical Levels
According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis with key supports aligned at 0.9211 (session lows), 0.9190 (August 23rd lows) followed by 0.9171 (August 8th lows) and key resistances at 0.9232 (August 21st highs), 0.9258 (August 23rd highs) ahead of 0.9279 (August 16th highs).
Weak US data
Price action reveals strong resistance after impulsive reaction post durable goods orders in the US. The ICN technical analysis team reports a weekly range between 0.9080 support and key resistance at 0.9485.
USD/CHF Technical Levels
According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis with key supports aligned at 0.9211 (session lows), 0.9190 (August 23rd lows) followed by 0.9171 (August 8th lows) and key resistances at 0.9232 (August 21st highs), 0.9258 (August 23rd highs) ahead of 0.9279 (August 16th highs).