28 Jun 2013
USD/CHF bid in London
FXstreet.com (London) - USD/CHF has reached a high of 0.9471 overnight after testing 94.90 earlier in the week.
There is little on the calendar left for the pair today, except for several Fed speeches. These are likely to reiterate that the Fed still sees the first rate hike far away. Also the final print of the Michigan Confidence index is expected in the afternoon and to be revised higher.
USD/CHF eyes 0.9535
The Elliott wave count suggests that the pair could reach 0.9535 if the pair can continue to stay in positive territory, testing 0.9490. Heavier resistance could come in at the March highs at 0.9560/70 territories. Support to the downside at 0.9271 is key before 0.924 and 0.9180.
There is little on the calendar left for the pair today, except for several Fed speeches. These are likely to reiterate that the Fed still sees the first rate hike far away. Also the final print of the Michigan Confidence index is expected in the afternoon and to be revised higher.
USD/CHF eyes 0.9535
The Elliott wave count suggests that the pair could reach 0.9535 if the pair can continue to stay in positive territory, testing 0.9490. Heavier resistance could come in at the March highs at 0.9560/70 territories. Support to the downside at 0.9271 is key before 0.924 and 0.9180.