11 Jul 2014
USD/CHF remains capped by 0.8935
FXStreet (Córdoba) - As most crosses in the FX market, the USD/CHF has had a quiet day so far, consolidating within a narrow range.
The USD/CHF made an upside attempt during the Asian session but the 0.8935 resistance area capped the advance once again, confining the pair to a phase of consolidation. The economic calendar is pretty much empty for the rest of the day, lowering prospects the USD/CHF could receive a boost either side of the board. At time of writing, the USD/CHF is trading at 0.8923, virtually unchanged on the day.
USD/CHF technical levels
As for technical levels, the USD/CHF could find immediate resistances at 0.8933/36 (Jul 10 & 9 highs),0.8945 (200-day SMA) and 0.8958 (Jul 7 high). On the other hand, supports are seen at 0.8920 (Jul 11 low), 0.8900 (psychological level/Jul 10 low) and 0.8886 (Jul 3 low).
The USD/CHF made an upside attempt during the Asian session but the 0.8935 resistance area capped the advance once again, confining the pair to a phase of consolidation. The economic calendar is pretty much empty for the rest of the day, lowering prospects the USD/CHF could receive a boost either side of the board. At time of writing, the USD/CHF is trading at 0.8923, virtually unchanged on the day.
USD/CHF technical levels
As for technical levels, the USD/CHF could find immediate resistances at 0.8933/36 (Jul 10 & 9 highs),0.8945 (200-day SMA) and 0.8958 (Jul 7 high). On the other hand, supports are seen at 0.8920 (Jul 11 low), 0.8900 (psychological level/Jul 10 low) and 0.8886 (Jul 3 low).