10 Dec 2013
USD/CHF at yearly lows, 0.8850
FXstreet.com (London) - USD/CHF has marked a low of 0.8850 but currently trades at 0.8868/70.
Strategists at Commerzbank commented and said, “USD/CHF is in new 2 year lows. Directly below we find .8880 the base of a 2 year down channel and this together with the .8862 38.2% retracement from the 2011 low represent major support – we will again be looking for this to hold the downside”.
USD/CHF Levels
The 20 DMA is 0.9076, the 50 DMA is 0.9065 and the 200 DMA is 0.9302. RSI (14) reads 24.27. Support are ascending from 0.8800, 0.8849, 0.8863. Spot is 0.8869 with resistances 0.8891, 0.8935, 0.8957, 0.8985 and 0.9021.
Strategists at Commerzbank commented and said, “USD/CHF is in new 2 year lows. Directly below we find .8880 the base of a 2 year down channel and this together with the .8862 38.2% retracement from the 2011 low represent major support – we will again be looking for this to hold the downside”.
USD/CHF Levels
The 20 DMA is 0.9076, the 50 DMA is 0.9065 and the 200 DMA is 0.9302. RSI (14) reads 24.27. Support are ascending from 0.8800, 0.8849, 0.8863. Spot is 0.8869 with resistances 0.8891, 0.8935, 0.8957, 0.8985 and 0.9021.