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14 Jun 2013
USD/CHF sideways trading in aftermath of EMU CPI
FXstreet.com (New York) - The USD/CHF foreign exchange rate has avoided any sweeping movements on the heels of the recent EMU data release, instead clinging to narrow gains Friday.
USD/CHF avoids splash following EMU data
At the time of writing, the USD/CHF pair is holding in positive territory at 0.9239 or +0.19% above its opening. Given the recent levels of perseverance, Mataf.net analysts calculate further resistive measures for the pair at 0.9274, onto 0.9331, and 0.9402. On the decline, a break below the 0.9146 handle will initiate supports at 0.9075 and 0.9018.
USD/CHF negativity to resume?
“The USD/CHF pair moved to the upside yesterday and stabilized above 0.9210, reducing intraday negativity without cancelling it. The pair has to hold below 0.9210 to trigger the intraday negativity again and cancel positive signals on momentum indicators. Therefore, we prefer to remain neutral.” notes the Technical Analyst Team at ICN.com.
USD/CHF avoids splash following EMU data
At the time of writing, the USD/CHF pair is holding in positive territory at 0.9239 or +0.19% above its opening. Given the recent levels of perseverance, Mataf.net analysts calculate further resistive measures for the pair at 0.9274, onto 0.9331, and 0.9402. On the decline, a break below the 0.9146 handle will initiate supports at 0.9075 and 0.9018.
USD/CHF negativity to resume?
“The USD/CHF pair moved to the upside yesterday and stabilized above 0.9210, reducing intraday negativity without cancelling it. The pair has to hold below 0.9210 to trigger the intraday negativity again and cancel positive signals on momentum indicators. Therefore, we prefer to remain neutral.” notes the Technical Analyst Team at ICN.com.