16 Oct 2013
USD/CHF on steady climb targeting 0.9140 zone
FXstreet.com (Chicago) - USD/CHF continues printing higher lows and highs after fall from session highs.
Finally over
With more facts to be released later in the day in the US, it is announced the deal between republicans and democrats may come to life after the confirmation and support of Boehner.
USD/CHF Technical Levels
Price action reveals a pair that approaches the immediate support after retracing from 0.9176 session highs. Printing higher lows and highs, the pair forges grounds close to the 0.9140 zone. Offered at 0.9137, the pair oscillates between supports aligned at 0.9122 (October 9th highs), 0.9082 (October 4th highs) ahead of 0.9033 (October 2nd highs) and the resistances set at 0.9173 (August 28th lows), 0.9216 (August 18th lows) followed by 0.9278 (September 17th highs). According to the FXstreet.com trend index, the pair is strongly bullish on one-hour timeframe analysis with a neutral EMA20.
Finally over
With more facts to be released later in the day in the US, it is announced the deal between republicans and democrats may come to life after the confirmation and support of Boehner.
USD/CHF Technical Levels
Price action reveals a pair that approaches the immediate support after retracing from 0.9176 session highs. Printing higher lows and highs, the pair forges grounds close to the 0.9140 zone. Offered at 0.9137, the pair oscillates between supports aligned at 0.9122 (October 9th highs), 0.9082 (October 4th highs) ahead of 0.9033 (October 2nd highs) and the resistances set at 0.9173 (August 28th lows), 0.9216 (August 18th lows) followed by 0.9278 (September 17th highs). According to the FXstreet.com trend index, the pair is strongly bullish on one-hour timeframe analysis with a neutral EMA20.