27 Jun 2013
USD/CHF capped at 55 week ma
FXstreet.com (London) - USD/CHF is starting the session around the pivot 0.9416.
USD/CHF has seen a number of further positive US data supporting the pair. The pair had otherwise been suffering on Monday/Tuesday since Fed officials suggested the market had over reacted to the more hawkish tones from the FOMC of last week. Today, there are second tier data except we have Fed official Powell on the worse in the afternoon.
USD/CHF resistance at 55 w ma
Karen Jones said rallies will need to regain to the 50% Fibonacci retracement to alleviate immediate downside pressure, which has been done in NY. “The 55 week ma offers additional resistance as 0.9419”. And this is where the pair are currently sitting finding further resistances at 0.9440. She suggested that dips should find interim support at 0.9242/0.9176 ahead of 0.9130.
USD/CHF has seen a number of further positive US data supporting the pair. The pair had otherwise been suffering on Monday/Tuesday since Fed officials suggested the market had over reacted to the more hawkish tones from the FOMC of last week. Today, there are second tier data except we have Fed official Powell on the worse in the afternoon.
USD/CHF resistance at 55 w ma
Karen Jones said rallies will need to regain to the 50% Fibonacci retracement to alleviate immediate downside pressure, which has been done in NY. “The 55 week ma offers additional resistance as 0.9419”. And this is where the pair are currently sitting finding further resistances at 0.9440. She suggested that dips should find interim support at 0.9242/0.9176 ahead of 0.9130.