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9 Aug 2013
USD/CHF is holding the 0.9200 handle
FXstreet.com (Barcelona) - USD/CHF is oscillating between 0.9190 and 0.9215 and is side-lined on exceptionally quiet markets as we come to a close for the week with only NA ahead beore the weekend.
There isn’t anything on the agenda for the pair today and one would expect the quote to remain within a tight range until next week might play out a different story on the US data front. The markets are very data dependent now and fixated on September when markets will turn to normal and we will see what Bernanke would have in store for then.
USD/CHF supported
USD/CHF is remains in negative territory and while market conditions are in wait and see mode, should the pair break the 0.9200 zone, the pair could be pushed further to the downside with eyes towards 0.9130. The 20 dma is 0.9324, the 50 dma is 0.9372 and the 200 dma is 0.9357. RSI (9) prints 32.02 and supports are ascending from 0.9023, 0.9056, 0.9130, 0.9175 and 0.9198 where Spot currently sits slightly above and anchored for the time being. Resistances are 0.9229, 0.9244, 0.9268 and 0.9297.
There isn’t anything on the agenda for the pair today and one would expect the quote to remain within a tight range until next week might play out a different story on the US data front. The markets are very data dependent now and fixated on September when markets will turn to normal and we will see what Bernanke would have in store for then.
USD/CHF supported
USD/CHF is remains in negative territory and while market conditions are in wait and see mode, should the pair break the 0.9200 zone, the pair could be pushed further to the downside with eyes towards 0.9130. The 20 dma is 0.9324, the 50 dma is 0.9372 and the 200 dma is 0.9357. RSI (9) prints 32.02 and supports are ascending from 0.9023, 0.9056, 0.9130, 0.9175 and 0.9198 where Spot currently sits slightly above and anchored for the time being. Resistances are 0.9229, 0.9244, 0.9268 and 0.9297.