5 Sep 2013
USD/CHF surges over 0.9400 level as USD rallies
FXstreet.com (Lisbon) - The USD/CHF foreign exchange rate moved above the key upside region of 0.9400 ahead of a critical stage of the week with the ECB and US Nonfarm payrolls both on tap within the next couple days.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF is at the resistance level of the expanding sideways range; meanwhile the pair is stable above 38.2% correction at 0.9380. The referred to resistance level resides at 0.9415, as we see the pair within a tight range between 0.9380 and 0.9415 forcing us to remain intraday neutral today because Risk/Reward Ratio is inappropriate and some bullishness is expected.”
USD/CHF technical levels
The USD/CHF is presently residing in positive territory Thursday, storming ahead to a robust gain of +0.54% above its opening, which places it near the 0.9402 mark (earlier high at 0.9416). In terms of the technical levels, the USD/CHF is pointed higher and looks to face resistance at 0.9396, onto 0.9414, and 0.9443, calculates the Danske Research team.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF is at the resistance level of the expanding sideways range; meanwhile the pair is stable above 38.2% correction at 0.9380. The referred to resistance level resides at 0.9415, as we see the pair within a tight range between 0.9380 and 0.9415 forcing us to remain intraday neutral today because Risk/Reward Ratio is inappropriate and some bullishness is expected.”
USD/CHF technical levels
The USD/CHF is presently residing in positive territory Thursday, storming ahead to a robust gain of +0.54% above its opening, which places it near the 0.9402 mark (earlier high at 0.9416). In terms of the technical levels, the USD/CHF is pointed higher and looks to face resistance at 0.9396, onto 0.9414, and 0.9443, calculates the Danske Research team.