Forex: USD/CHF trading at 0.9100/13
Forex pairs in this Article »
USD/CHF
FXstreet.com (Barcelona) - The USDCHF briefly tested the 0.9100 level (intraday minimum 0.9104) in recent minutes, however the pair is presently trading at 0.9112/13 after a modest recovery. At the time of writing the pair is operating at -0.22% below its opening.
According to Mark De La Paz, an analyst at FX Instructor, "The Bearish Engulfing in 4-Hour charts is a confirmation of the overall bearish trend. With a moderate resistance at 0.9110, we consider shorts from the said price with a stop loss above it."
Looking ahead, the afternoon of European trading will be dominated by a series of US data releases, which begin at 13:30 GMT.
The technical analyst team at Mataf.net cites the next supportive measures at 0.9104, followed by 0.9080, onto 0.9048. On the ascension, the USDCHF will face calculated resistance at 0.9160, then 0.9192, and finally 0.9216.
According to Mark De La Paz, an analyst at FX Instructor, "The Bearish Engulfing in 4-Hour charts is a confirmation of the overall bearish trend. With a moderate resistance at 0.9110, we consider shorts from the said price with a stop loss above it."
Looking ahead, the afternoon of European trading will be dominated by a series of US data releases, which begin at 13:30 GMT.
The technical analyst team at Mataf.net cites the next supportive measures at 0.9104, followed by 0.9080, onto 0.9048. On the ascension, the USDCHF will face calculated resistance at 0.9160, then 0.9192, and finally 0.9216.
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