Forex: USD/CHF testing the key 0.9500 level
Forex pairs in this Article »
USD/CHF
FXstreet.com (Barcelona) - The USDCHF has proved to be a strong performer today as it is currently testing the 0.9500 level during the onset of American trading. The most recent move represents a departure off of session highs however, which peaked at 0.9502.
According to the technical analyst team at ICN.com, "The USDCHF moved to the upside reaching the PRZ for the bearish Butterfly Pattern once again - areas around the 0.9490 level should hold onto our bearish expectations for the pair, noting however that the breach of 0.9490 will extend the CD leg higher before the awaited correction."
The cross is presently securing an advance of +0.35% above it's opening and testing resistance at 0.9490 as such. Additionally, ICN.com analysts point to corrective measures at 0.9515 on to 0.9570. On the decline, a pullback or breach below the 0.9430 mark will trigger supportive structures at 0.9405 and ultimately 0.9385.
According to the technical analyst team at ICN.com, "The USDCHF moved to the upside reaching the PRZ for the bearish Butterfly Pattern once again - areas around the 0.9490 level should hold onto our bearish expectations for the pair, noting however that the breach of 0.9490 will extend the CD leg higher before the awaited correction."
The cross is presently securing an advance of +0.35% above it's opening and testing resistance at 0.9490 as such. Additionally, ICN.com analysts point to corrective measures at 0.9515 on to 0.9570. On the decline, a pullback or breach below the 0.9430 mark will trigger supportive structures at 0.9405 and ultimately 0.9385.
Free Annual Reports
