15 Oct 2013
USD/CHF an opportunity on debt ceiling?
FXstreet.com (London) - USD/CHF has dropped from the highs of 0.9179 and is oscillating between 0.9140 and 0.9167.
The laces are being tied that little bit tighter to assist the booting of the debt-ceiling-can further down the road into Q1 2014. Despite this potential development laying the foundations for a lacklustre start to next year, at least it clears the air for the run up to year end. but A resolution is by no means a clear cut “buy dollar” trade as the details will likely be scrutinised and its tough to determine exactly what is already priced in.
USD/CHF Levels
The 20 DMA is 0.9082, the 50 DMA is 0.9201 and the 200 DMA is 0.9337. RSI (14) reads 63.02. Supports are ascending from 0.9090, 0.9105 and 0.9138. Spot is currently 0.9146 while resistances are 0.9150, 0.9185 and 0.9200.
The laces are being tied that little bit tighter to assist the booting of the debt-ceiling-can further down the road into Q1 2014. Despite this potential development laying the foundations for a lacklustre start to next year, at least it clears the air for the run up to year end. but A resolution is by no means a clear cut “buy dollar” trade as the details will likely be scrutinised and its tough to determine exactly what is already priced in.
USD/CHF Levels
The 20 DMA is 0.9082, the 50 DMA is 0.9201 and the 200 DMA is 0.9337. RSI (14) reads 63.02. Supports are ascending from 0.9090, 0.9105 and 0.9138. Spot is currently 0.9146 while resistances are 0.9150, 0.9185 and 0.9200.