30 Jul 2013
USD/CHF testing below 0.9300
FXstreet.com (London) - USD/CHF has been capped at 0.9320 and is now resuming the downside again testing through 0.9300.
USD/CHF has been on a losing streak since plays above 0.9400 the figure and last weeks highs. The dollar has been offered around speculation of a move dovish FOMC this time around and will remain sensitive to data flows preceding the August meeting. First up we have US consumer confidence up today at 2GMT.
USD/CHF levels
With the pair capped so soon in the up move of yesterday the bias is to the downside with linier regression indicators in the red. The 20d ma 0.9449, 50d ma 0.9434, 200d ma 0.9360, RSI (9) 38.04, Support 0.9176, 0.9242, 0.9263, 0.9300 Spot at time of writing is 0.9300. Resistances are 0.9338, 0.9365, 0.9395, 0.9408
USD/CHF has been on a losing streak since plays above 0.9400 the figure and last weeks highs. The dollar has been offered around speculation of a move dovish FOMC this time around and will remain sensitive to data flows preceding the August meeting. First up we have US consumer confidence up today at 2GMT.
USD/CHF levels
With the pair capped so soon in the up move of yesterday the bias is to the downside with linier regression indicators in the red. The 20d ma 0.9449, 50d ma 0.9434, 200d ma 0.9360, RSI (9) 38.04, Support 0.9176, 0.9242, 0.9263, 0.9300 Spot at time of writing is 0.9300. Resistances are 0.9338, 0.9365, 0.9395, 0.9408