Forex: USD/CHF trading at support at 0.9134/35
Forex pairs in this Article »
USD/CHF
FXstreet.com (Barcelona) - The USDCHF has taken a tumble in European trading, falling from session highs in the vicinity of the 0.9170 mark. In recent moments however, the pair bottomed out in the 0.9125 region, before encountering support and stabilizing in the 0.9134/35 region at the present.
Presently, the cross has incurred a marginal loss of -0.36% below its opening. ICN.com Analysts highlight the next supports 0.9135, followed by 0.9105 onto 0.9080. On the rise, the USDCHF will encounter calculated resistance at 0.9170, 0.9200 (key retracement level), and 0.9220.
"The USDCHF still lingers between 0.9135 and 0.9175 levels keeping the pair's intraday move unclear, especially that there is a conflict between the negativity on the stochastic and trading above Linear Regression Indicator 34. Therefore, we remain neutral in our weekly report awaiting confirmation signals through the upcoming reports." notes the Technical Analyst Team at ICN.com.
Presently, the cross has incurred a marginal loss of -0.36% below its opening. ICN.com Analysts highlight the next supports 0.9135, followed by 0.9105 onto 0.9080. On the rise, the USDCHF will encounter calculated resistance at 0.9170, 0.9200 (key retracement level), and 0.9220.
"The USDCHF still lingers between 0.9135 and 0.9175 levels keeping the pair's intraday move unclear, especially that there is a conflict between the negativity on the stochastic and trading above Linear Regression Indicator 34. Therefore, we remain neutral in our weekly report awaiting confirmation signals through the upcoming reports." notes the Technical Analyst Team at ICN.com.
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