13 Mar 2014
USD/CHF meeting supply at 0.8760
FXStreet (Guatemala) - USD/CHF has met supply through 0.8760 falling back into the 0.8740’s while bids are attracted slowing up the downside.
Karen Jones, chief analyst suggested that Immediate downside pressure will be maintained while the currency pair trades below the 0.8805 March 11 high. Further resistance comes in around the 0.8831 mid December low and along the downtrend line at 0.8882. This will need to be overcome in order to alleviate immediate downside pressure”.
USD/CHF Levels
The 20 DMA is 0.8855, the 50 DMA is 0.8959 and the 200 DMA is 0.9131. RSI (14) reads 55.48. Resistances are 0.8598, 0.8612, 0.8651 and 0.8706. Spot is 0.8745 while resistances are 0.8749, 0.8766, 0.8788 0.8806 and 0.8831.
Karen Jones, chief analyst suggested that Immediate downside pressure will be maintained while the currency pair trades below the 0.8805 March 11 high. Further resistance comes in around the 0.8831 mid December low and along the downtrend line at 0.8882. This will need to be overcome in order to alleviate immediate downside pressure”.
USD/CHF Levels
The 20 DMA is 0.8855, the 50 DMA is 0.8959 and the 200 DMA is 0.9131. RSI (14) reads 55.48. Resistances are 0.8598, 0.8612, 0.8651 and 0.8706. Spot is 0.8745 while resistances are 0.8749, 0.8766, 0.8788 0.8806 and 0.8831.