10 Oct 2013
USD/CHF still above 0.91 front on ascending triangle formation
FXstreet.com (Chicago) - USD/CHF continues printing higher lows but lower lows in the afternoon of the American trading session protecting the 0.91 front after bouncing off 0.9083 session lows.
The most recent developments in Washington are silence from the Senate and the republicans’ agreement to lift the debt ceiling.
USD/CHF Technical Levels
Offered at 0.9107, the pair oscillates between supports aligned at 0.9081 (session lows), 0.9015 (October 8th lows) ahead of 0.8967 (October 3rd lows) and the resistances set at 0.9132 (session highs), 0.9168 (August 27th lows) followed by 0.9215 (August 15th lows). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis above the EMA20. On possible reversal consolidation as indicated by primary and secondary trends, the pair extends the upward trendline that started last Friday despite trading range that lasted a couple of days.
The most recent developments in Washington are silence from the Senate and the republicans’ agreement to lift the debt ceiling.
USD/CHF Technical Levels
Offered at 0.9107, the pair oscillates between supports aligned at 0.9081 (session lows), 0.9015 (October 8th lows) ahead of 0.8967 (October 3rd lows) and the resistances set at 0.9132 (session highs), 0.9168 (August 27th lows) followed by 0.9215 (August 15th lows). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis above the EMA20. On possible reversal consolidation as indicated by primary and secondary trends, the pair extends the upward trendline that started last Friday despite trading range that lasted a couple of days.