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6 Aug 2013
USD/CHF careens off 0.9270 level
FXstreet.com (New York) - The USD/CHF summarily reversed off the 0.9270 region Tuesday afternoon during US trading, diving deeper towards the 0.9250 level in short-order.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF failed to stabilize above Linear Regression Indicators but has yet to stabilize above 0.9265. Therefore, the possibility of a new attempt to the upside is valid today as long as the pair stabilizes above 0.9200.”
The USD/CHF seems quite a sizable distance away from the 0.9300 level, despite trading as high as 0.9297 earlier today. Presently, the pair is now operating at a -0.19% loss, buried at 0.9253. Briefing the technicals, the USD/CHF will look to test support at 0.9246, ahead of 0.9226, and 0.9176, calculates the Danske Research Team.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF failed to stabilize above Linear Regression Indicators but has yet to stabilize above 0.9265. Therefore, the possibility of a new attempt to the upside is valid today as long as the pair stabilizes above 0.9200.”
The USD/CHF seems quite a sizable distance away from the 0.9300 level, despite trading as high as 0.9297 earlier today. Presently, the pair is now operating at a -0.19% loss, buried at 0.9253. Briefing the technicals, the USD/CHF will look to test support at 0.9246, ahead of 0.9226, and 0.9176, calculates the Danske Research Team.