Back
12 Jun 2013
USD/CHF bounces off lows to 0.9218
FXstreet.com (New York) - The USD/CHF pair broke below the 0.9200 barrier for the first time since February, having experienced widespread selloffs intraweek.
USD/CHF still fortified by support at 0.9200 for now
Briefing the technicals, the pair is still incurring a sizable loss of -0.29% in these moments despite a recent recovery that brought the foreign exchange to 0.9218 during US trading. The next supportive structure lies at the 0.9196 level, with additional measures at 0.9146 ahead of 0.9070
USD/CHF downtrend resumes as 0.9280 level breached
According to the Technical Analyst Team at ICN.com, “The USD/CHF touched around the 0.9280 level, which could build bearish momentum once again. Meanwhile, the stochastic offers a negative crossover despite getting approaching oversold areas and breaking the harmonic support level – we expect the return of the downside move for today.”
USD/CHF still fortified by support at 0.9200 for now
Briefing the technicals, the pair is still incurring a sizable loss of -0.29% in these moments despite a recent recovery that brought the foreign exchange to 0.9218 during US trading. The next supportive structure lies at the 0.9196 level, with additional measures at 0.9146 ahead of 0.9070
USD/CHF downtrend resumes as 0.9280 level breached
According to the Technical Analyst Team at ICN.com, “The USD/CHF touched around the 0.9280 level, which could build bearish momentum once again. Meanwhile, the stochastic offers a negative crossover despite getting approaching oversold areas and breaking the harmonic support level – we expect the return of the downside move for today.”