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Forex pairs in this Article » USD/CHF
FXstreet.com (New York) - The USD/CHF foreign exchange rate could now get anything going Monday, having failed to move out of a tight consolidation in the lack of any economic data during US trading.

USD/CHF strategic bias

According to the Technical Analyst Team at ICN.com, “The USD/CHF failed to remain stable above 0.9265 and above key resistance level of the descending channel. Linear Regression Indicators and the negative momentum indicators show a possibility of a downside move due to failing to stabilize above the referred to level. Therefore, we will reverse our previous expectations and show a bearish possibility that is failed only by breaching 0.9300 and stabilizing above it. The pair has to reach 0.9265 levels to cancel our previous expectation at a breakeven point before suggesting a bearish position.”

USD/CHF technical levels

While the week figures to be a busy one in the United States, Monday has been anything but. The USD/CHF is has now fallen to 0.9251 in these moments, incurring a loss of -0.11% off its opening. Briefing the technicals, the USD/CHF remains insulated by supports at 0.9226, onto 0.9186, and 0.9155, notes the Mataf.net analyst team.
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