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Forex pairs in this Article » USD/CHF (Chicago) - USD/CHF continues trading below the 0.8960 zone despite steady climb since the opening of journey.

Data recap

Wall Street closed with mixed results failing to maintain momentum with the Dow down 0.01%, the Nasdaq down 0.08% and the S&P500 up 0.13%. Industrial production in the US (MoM) was 0.6% vs. past and expected 0.4%. Pending home sales (YoY) was -1.2% vs. past 5.8% while the Dallas Fed manufacturing business index was 3.6 vs. past 12.8.

USD/CHF Technical Levels

Technically speaking, the pair is offered at 0.8955 and oscillates between the supports aligned at 0.8929 (October 23rd highs), 0.8891 (October 24th lows) ahead of 0.8813 (October 10th lows 2011) and the resistances set at 0.8966 (October 25th highs), 0.90 (October 21st lows) followed by 0.9036 (October 18th highs). According to the trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20. The primary trend diverges from the secondary trend that points up after bounce attempt to get out the 2-year lows.
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