Back
13 Jun 2013
USD/CHF establishing fresh daily highs
FXstreet.com (New York) - The USD/CHF rebounded sharply off overnight lows at 0.9129, eliminating its losses during European trading and extending into positive territory presently.
At the time of writing, the USD/CHF foreign exchange is establishing fresh daily highs Thursday, drifting towards 0.9216 and +0.06% above its opening. Given the recent rally, Mataf.net analysts calculate further resistive measures for the pair at 0.9257, onto 0.9329, and 0.9371. On the decline, a break below the 0.9143 handle will initiate supports at 0.9101 and 0.9029.
USD/CHF 2013 low at 0.9023 in focus
“The USD/CHF pair remains bearish and has now fallen through major support at 0.9206/0.9185 and its February 20 low – the 2013 low at 0.9023 is now in focus. Given that last week the market severed its 2011-2013 support line, rallies will need to regain 0.9528 (38.2% Fibonacci retracement) to alleviate immediate downside pressure.” notes Karen Jones, an analyst at Commerzbank.
At the time of writing, the USD/CHF foreign exchange is establishing fresh daily highs Thursday, drifting towards 0.9216 and +0.06% above its opening. Given the recent rally, Mataf.net analysts calculate further resistive measures for the pair at 0.9257, onto 0.9329, and 0.9371. On the decline, a break below the 0.9143 handle will initiate supports at 0.9101 and 0.9029.
USD/CHF 2013 low at 0.9023 in focus
“The USD/CHF pair remains bearish and has now fallen through major support at 0.9206/0.9185 and its February 20 low – the 2013 low at 0.9023 is now in focus. Given that last week the market severed its 2011-2013 support line, rallies will need to regain 0.9528 (38.2% Fibonacci retracement) to alleviate immediate downside pressure.” notes Karen Jones, an analyst at Commerzbank.