19 Jul 2013
USD/CHF testing 0.9400 region
FXstreet.com (New York) - The USD/CHF foreign exchange rate fell sharply during US trading Friday, briefly breaching the 0.9400 barrier, whilst stabilizing at session lows (0.9395).
At the time of writing, the USD/CHF is now settling near at 0.9401, presently incurring a sizable loss of -0.46% off its opening Friday. Technically speaking, the USD/CHF will encounter supportive means at 0.9384, onto 0.9358, and finally 0.9334, calculates the Danske Research team.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “After touching around 0.9440, the USD/CHF dropped again proving that trading below the referred to level is negative. We think that the downside move might extend and RSI support these expectations. The pair has to break 0.9400 to strengthen these expectations.”
At the time of writing, the USD/CHF is now settling near at 0.9401, presently incurring a sizable loss of -0.46% off its opening Friday. Technically speaking, the USD/CHF will encounter supportive means at 0.9384, onto 0.9358, and finally 0.9334, calculates the Danske Research team.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “After touching around 0.9440, the USD/CHF dropped again proving that trading below the referred to level is negative. We think that the downside move might extend and RSI support these expectations. The pair has to break 0.9400 to strengthen these expectations.”