1 Aug 2013
USD/CHF through 0.9300
FXstreet.com (Barcelona) - USD/CHF has breached 0.9300 again, rising throughout the morning of European markets from 0.9280 support.
USD/CHF is another pair that the dollar is taking charge despite a disappointing FOMC overnight. The comments over the US recovery were indeed not as bullish as previous, but much of what was said was indeed anticipated, so after an initial drop in the dollar, it bounced back and positioned itself ahead of NFP’s tomorrow. USD/CHF is targeting 0.9320 ahead of key data this afternoon. We have US ISM after the European banks meetings, BoE and ECB which will also have an impact on the dollar.
USD/CHF has hit 0.9315
USD/CHF has been targeting 0.9315 as the accelerated downtrend and remains bid ahead of the 200 day ma at 0.9360. There after, the 55 day ma comes into play at 0.9443 giving way en route towards the March highs at 0.9568. Supports come as 0.9269 fibo, 0.9242 Low 21st June. Resistances are 0.9315, 200 dma 0.9360, 0.9443, 0.9568 and 0.9643, to close the Gap.
USD/CHF is another pair that the dollar is taking charge despite a disappointing FOMC overnight. The comments over the US recovery were indeed not as bullish as previous, but much of what was said was indeed anticipated, so after an initial drop in the dollar, it bounced back and positioned itself ahead of NFP’s tomorrow. USD/CHF is targeting 0.9320 ahead of key data this afternoon. We have US ISM after the European banks meetings, BoE and ECB which will also have an impact on the dollar.
USD/CHF has hit 0.9315
USD/CHF has been targeting 0.9315 as the accelerated downtrend and remains bid ahead of the 200 day ma at 0.9360. There after, the 55 day ma comes into play at 0.9443 giving way en route towards the March highs at 0.9568. Supports come as 0.9269 fibo, 0.9242 Low 21st June. Resistances are 0.9315, 200 dma 0.9360, 0.9443, 0.9568 and 0.9643, to close the Gap.