19 Nov 2013
USD/CHF trendless below 0.9120
FXstreet.com (Chicago) - USD/CHF stalled after retracement from 0.9146 session highs accumulating 0.14% daily losses for a total weekly retracement at 0.34% so far.
Data facts
No Swiss data was released today and the US facts made public seemed to have little effect on the pair’s price action. President Obama’s speech along Bernanke’s speech at 00:00 GMT might be the main drivers of pair’s price movement.
USD/CHF Technical Levels
Technically speaking, the pair trades at 0.9114 and oscillates between the supports aligned at 0.91 (session lows), 0.9067 (November 1st lows) ahead of 0.9017 (October 30th highs) and the resistances set at 0.9144 (session highs), 0.9189 (November 15th highs) followed by 0.9225 (November 11th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is strongly bearish and navigates below the EMA20.
Data facts
No Swiss data was released today and the US facts made public seemed to have little effect on the pair’s price action. President Obama’s speech along Bernanke’s speech at 00:00 GMT might be the main drivers of pair’s price movement.
USD/CHF Technical Levels
Technically speaking, the pair trades at 0.9114 and oscillates between the supports aligned at 0.91 (session lows), 0.9067 (November 1st lows) ahead of 0.9017 (October 30th highs) and the resistances set at 0.9144 (session highs), 0.9189 (November 15th highs) followed by 0.9225 (November 11th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is strongly bearish and navigates below the EMA20.