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14 Jun 2013
USD/CHF retraces higher
FXstreet.com (New York) - The USD/CHF foreign exchange rate rebounded recently off the 0.9225 handle during US trading, having been thrown into a state of flux by lackluster US data.
Presently, the USD/CHF technical pair is settling at 0.9236, clinging to positive gains of +0.15% in these moments, despite easing off earlier highs (0.9271). In the United States, the Reuters/Michigan Consumer Sentiment Index (June) came in at 82.7, missing expectations of 84.5.
USD/CHF prolonged upside no sure thing
“The USD/CHF is trading positively but is stable below the harmonic support, which is close to 78.6% correction at 0.9340 levels. We cannot bet on the upside move still, while negativity requires the pair to return below the bottom C at 0.9210 and therefore, we will remain neutral during the U.S. session today.” notes the Technical Analyst team at ICN.com.
Mataf.net analysts identify for short-term resistances for the USD/CHF at 0.9274, then 0.9331, and finally 0.9402. On the decline, supportive measures are found at 0.9146, then 0.9075, and ultimately 0.9018.
Presently, the USD/CHF technical pair is settling at 0.9236, clinging to positive gains of +0.15% in these moments, despite easing off earlier highs (0.9271). In the United States, the Reuters/Michigan Consumer Sentiment Index (June) came in at 82.7, missing expectations of 84.5.
USD/CHF prolonged upside no sure thing
“The USD/CHF is trading positively but is stable below the harmonic support, which is close to 78.6% correction at 0.9340 levels. We cannot bet on the upside move still, while negativity requires the pair to return below the bottom C at 0.9210 and therefore, we will remain neutral during the U.S. session today.” notes the Technical Analyst team at ICN.com.
Mataf.net analysts identify for short-term resistances for the USD/CHF at 0.9274, then 0.9331, and finally 0.9402. On the decline, supportive measures are found at 0.9146, then 0.9075, and ultimately 0.9018.