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Forex pairs in this Article » USD/CHF (London) - USD/CHF is up from the key supporting levels and attacking the 0.8900 handle on the closing session of the week.

Strategists at TD Securities said 0.8862/46, the 38.2% retracement from the 2011 low and a Fibonacci extension represents major support for the market and has so far held on a closing basis. “We also have a TD support at 0.8820. These levels are expected to hold. Currently failure here will introduce scope to the bottom of the channel at 0.8703 but this is not our favoured scenario. We continue to watch for signs of reversal”.

USD/CHF Levels

The 20 DMA 0.9034, the 50 DMA 0.9056, 200 DMA 0.9294. RSI (14) reads 57.67. Supports are ascending from 0.8766, 0.8839, 0.8863 and 0.8886. Spot is 0.8899 while resistances are 0.8909, 0.8941, 0.8957 and 0.8984.
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