13 Sep 2013
USD/CHF continues to ease off highs
FXstreet.com (Lisbon) - The USD/CHF foreign exchange rate peaked earlier today at 0.9342 (daily high), culminating in a general easing across European trading thus far Friday.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF failed to stabilize below 0.9290 weakening the bearish possibility. Meanwhile, the pair is stable below 38.2% correction at 0.9380 forcing us to prefer to remain intraday neutral today, whereas the upside move requires breaching the referred to level, while confirming bearishness requires breaking 0.9290 levels represented in 23.6% correction.”
USD/CHF technical levels
At this juncture, the USD/CHF is still notching a positive gain, albeit at a mitigated level at 0.9230, presently up +0.15%. Technically speaking, the USD/CHF will encounter resistance at 0.9341 (area of session high), onto 0.9371, and 0.9402, notes the Mataf.net analyst Team.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF failed to stabilize below 0.9290 weakening the bearish possibility. Meanwhile, the pair is stable below 38.2% correction at 0.9380 forcing us to prefer to remain intraday neutral today, whereas the upside move requires breaching the referred to level, while confirming bearishness requires breaking 0.9290 levels represented in 23.6% correction.”
USD/CHF technical levels
At this juncture, the USD/CHF is still notching a positive gain, albeit at a mitigated level at 0.9230, presently up +0.15%. Technically speaking, the USD/CHF will encounter resistance at 0.9341 (area of session high), onto 0.9371, and 0.9402, notes the Mataf.net analyst Team.