27 Jun 2013
USD/CHF collapses off highs
FXstreet.com (New York) - The USD/CHF foreign exchange rate peaked earlier at the 0.9489 level, easing nearly 50 pips during US trading.
USD/CHF paring gains but still positive
Despite the massive easing engulfing that has gripped the pair, the USD/CHF still is operating well above its opening at +0.12% Thursday. Presently, the pair is now trading at 0.9439 in these moments. According to the Danske Bank Ream, a rebound in the exchange rate will bring the USD/CHF to resistance at 0.9446, then 0.9480, and 0.9516.
USD/CHF approaches overbought area
“The USD/CHF rushed to the upside, benefiting from stability above 0.9400, as trading above it might push the pair further to the upside. Despite this trend however, the stochastic is in overbought areas, but no negative signals are showing so we count on the positivity of Linear Regression Indicator 34 and the bullish bias of RSI in our expectations.” notes the Technical Analyst Team at ICN.com.
USD/CHF paring gains but still positive
Despite the massive easing engulfing that has gripped the pair, the USD/CHF still is operating well above its opening at +0.12% Thursday. Presently, the pair is now trading at 0.9439 in these moments. According to the Danske Bank Ream, a rebound in the exchange rate will bring the USD/CHF to resistance at 0.9446, then 0.9480, and 0.9516.
USD/CHF approaches overbought area
“The USD/CHF rushed to the upside, benefiting from stability above 0.9400, as trading above it might push the pair further to the upside. Despite this trend however, the stochastic is in overbought areas, but no negative signals are showing so we count on the positivity of Linear Regression Indicator 34 and the bullish bias of RSI in our expectations.” notes the Technical Analyst Team at ICN.com.