24 Sep 2013
USD/CHF less inspiring post heavy selling; keep short?
FXstreet.com (London) - USD/CHF selling took the pair towards lows of .9080 post yesterday’s August statistical and banking bulleting release from the SNB.
USD/CHF fell from the highs back through .9100 and was accelerated by EURCHF’s cascading move through pivotal support at the 200 DMA and 1.2300. USD/CHF is a little less inspiring so far today and pretty much unchanged. Shorts prefer might be looking for an eventual break of the important .9080/90 support zone.
USD/CHF Levels
The 20 DMA is .9269, the 50 DMA is .9279 and the 200 DMA is .9344. RSI (14) 52.29. Supports are ascending from .9002, .9023, .9056, .9080 and .9105. Spot is currently 0.9115 while resistances are .9137, .9150, .9185 and .9227.
USD/CHF fell from the highs back through .9100 and was accelerated by EURCHF’s cascading move through pivotal support at the 200 DMA and 1.2300. USD/CHF is a little less inspiring so far today and pretty much unchanged. Shorts prefer might be looking for an eventual break of the important .9080/90 support zone.
USD/CHF Levels
The 20 DMA is .9269, the 50 DMA is .9279 and the 200 DMA is .9344. RSI (14) 52.29. Supports are ascending from .9002, .9023, .9056, .9080 and .9105. Spot is currently 0.9115 while resistances are .9137, .9150, .9185 and .9227.