Filed Under:
Forex pairs in this Article » USD/CHF (Barcelona) - The USDCHF has been held in a seemingly static equilibrium in the aftermath of economic data published in the EMU Monday. Despite the gradual advance off its opening, the pair has found itself stuck at the level of 0.9340 in these moments, clinging to gains of +0.42%. analysts point to resistive means at 0.9351 and 0.9380, after a breach of the 0.9332 level earlier today. On the downside or in the event of a pullback, the supportive structures of 0.9284, followed by 0.9255, and finally 0.9236 will provide corrective means for the USDCHF.

In the EMU, the anticipated Sentix Investor Confidence reported a result of -22.0 in October, which came in below consensus expectations of -20.8, and below the figure of -23.2 witnessed in the month of September.

According to the technical analyst team at, "The downside move has been halted and the USDCHF turned higher with the start of this week's trading and that is after the pair has failed in breaching the linear regression indicators. The stochastic is also attempting to turn positive after reaching 20 points, at the same time, the pair is stable below the main resistance for the downside wave near the 113% correction of CD leg of the bearish Butterfly Pattern at 0.9395."
comments powered by Disqus