Filed Under:
Forex pairs in this Article » USD/CHF
FXstreet.com (New York) - The USD/CHF technical pair retraced higher Friday, operating in these moments at calculated resistance which seems to have prevented any sustained push.

USD/CHF price explosion above 0.9620

“Traders continued to take the USD/CHF upwards above 61.8% Fibonacci level approaching the intraday resistance at 0.9620. Technical indicators remain positive and thus, our bullish scenario remain intact. A sustained break above 0.9620 will bring upside price explosion.” notes the ICN.com Technical Analyst Team.

USD/CHF path higher marked by barriers of correction

Amidst the recent easing, the USD/CHF is still entrenched in positive territory, operating at 0.9628 presently, gaining +0.65% Friday. The Danske Research team points to resistances for the USD/CHF at 0.9624, then 0.9651, and 0.9666.
comments powered by Disqus