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13 Aug 2013
USD/CHF held by resistance, positivity reiterated
FXstreet.com (New York) - The USD/CHF technical pair has retreated off its highs Tuesday (0.9349), holding onto the majority of its gains during US trading.
The USD/CHF is still notching steadfast gains of +0.79% above its opening, despite the recent easing. In these moments the pair is navigating the region of 0.9334 and will look to face measures of resistance at 0.9334 (July 31 high), onto 0.9343 (July 23 low), and 0.9386 (July 17 low).
USD/CHF opening up fresh highs (15:40 GMT)
The USD/CHF foreign exchange rate climbed substantially higher Tuesday with the USD flexing its muscles across the US session thus far.
At this juncture, the USD/CHF is now navigating the region of 0.9340, en route to a robust climb of +0.87% above its opening. Briefing the technicals, the USD/CHF blew through resistance at 0.9293 and 0.9319 and will look to target 0.9352, calculates the Mataf.net analyst team.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF benefited from stability above 0.9265 but we can find it now close to the main descending resistance. Breaching this resistance might clearly extend bullishness and as seen over four-hour basis the Linear Regression Indicators crossed over positively supporting the attempt to break higher and possible bullish extension.”
The USD/CHF is still notching steadfast gains of +0.79% above its opening, despite the recent easing. In these moments the pair is navigating the region of 0.9334 and will look to face measures of resistance at 0.9334 (July 31 high), onto 0.9343 (July 23 low), and 0.9386 (July 17 low).
USD/CHF opening up fresh highs (15:40 GMT)
The USD/CHF foreign exchange rate climbed substantially higher Tuesday with the USD flexing its muscles across the US session thus far.
At this juncture, the USD/CHF is now navigating the region of 0.9340, en route to a robust climb of +0.87% above its opening. Briefing the technicals, the USD/CHF blew through resistance at 0.9293 and 0.9319 and will look to target 0.9352, calculates the Mataf.net analyst team.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF benefited from stability above 0.9265 but we can find it now close to the main descending resistance. Breaching this resistance might clearly extend bullishness and as seen over four-hour basis the Linear Regression Indicators crossed over positively supporting the attempt to break higher and possible bullish extension.”