30 May 2013
USD/CHF making fresh lows
FXstreet.com (London) - USD/CHF is printing in the 0.9500s lows at the time of writing, shedding some 130 pips on the day in an extension of a bear run from the highs of 0.9791 area.
The US has seen some poorer GDP data and jobless numbers, but the move is likely to have been exaggerated on stop running. However ‘’Provided that dips hold over .9548 (uptrend), attention is on the .98395 May high and then .9972 the 2012 high. Below .9848 will trigger a slide to the 200 day ma at .9360.’’ said analyst’s at Commerzbank
The US has seen some poorer GDP data and jobless numbers, but the move is likely to have been exaggerated on stop running. However ‘’Provided that dips hold over .9548 (uptrend), attention is on the .98395 May high and then .9972 the 2012 high. Below .9848 will trigger a slide to the 200 day ma at .9360.’’ said analyst’s at Commerzbank