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Forex pairs in this Article » USD/CHF
FXstreet.com (New York) - The USD/CHF technical pair has recently peaked at the 0.9585 level during US trading Thursday, easing lower in recent moments.

USD/CHF hanging onto the majority of gains

Earlier today in the ECB, the bank held its rates fixed at 0.5%, which was in line with expectations. In light of the recent easing, the USD/CHF is still trading positively at +1.08% above it’s opening, settling at 0.9570. Consistent with the calculations of the Danske Research Team, the USD/CHF will face resistive means at 0.9568, onto 0.9651. Alternatively, a movement lower will initiate supports at 0.9447, ahead of 0.9438.

USD/CHF upside move likely

According to the Technical Analyst Team at ICN.com, “The USD/CHF is trading around 50% correction at 0.9485 levels which represents an intraday interval, while trading above 0.9400 is positive. Based on the technical harmonic analysis rules, stability above that level represented in the first target of the bullish harmonic Alternative Bat Pattern keeps the possibility of extending the upside move towards 61.8% correction.”
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