25 Jul 2013
USD/CHF attempting 0.9400 resistance
FXstreet.com (London) - USD/CHF has performed a 40 pip move towards 0.9400 but is struggling through 0.9390 resistance so far.
USD/CHF is oscillating between 0.9380/95 range ahead of US data later this afternoon and a much busy week next week in the US front, with only Retail Sales from the Swiss. The pair is en route to target the gap formed last Friday/Mon session cross over.
USD/CHF remains in the descending channel
Overall, USD/CHF is fluctuating in ranges in a descending channel with supports 0.9340, 0.9300,0.9280 and 0.9265 (78.6% Correction) before 0.9210. Resistances are 0.9370, 0.9400, 0.9445 and 0.9485.
USD/CHF is oscillating between 0.9380/95 range ahead of US data later this afternoon and a much busy week next week in the US front, with only Retail Sales from the Swiss. The pair is en route to target the gap formed last Friday/Mon session cross over.
USD/CHF remains in the descending channel
Overall, USD/CHF is fluctuating in ranges in a descending channel with supports 0.9340, 0.9300,0.9280 and 0.9265 (78.6% Correction) before 0.9210. Resistances are 0.9370, 0.9400, 0.9445 and 0.9485.