3 Jul 2013
USD/CHF tumbles to support
FXstreet.com (New York) - The USD/CHF tumbled hard off the 0.9490 level during US trading, after repeated attempts to stabilize in vain above the 0.9500 barrier.
USD/CHF positive expectations remain above 0.9485
“The USD/CHF proved its ability to hold on to its positive trading after retesting levels 0.9485. Prolonged stability above the referred to level forces us to keep our positive expectations for the rest of the day.” notes the ICN.com Technical Analyst Team.
USD/CHF trading at support
Amidst the plunge, the pair is now entrenched in negative territory, operating at 0.9463, losing -0.47% Wednesday. The USD/CHF will look towards supports at 0.9467, then 0.9416, and 0.9384. Alternatively, an extension higher will initiate resistances at 0.9555, onto 0.9582, and 0.9633, calculates the Mataf.net analyst Team.
USD/CHF positive expectations remain above 0.9485
“The USD/CHF proved its ability to hold on to its positive trading after retesting levels 0.9485. Prolonged stability above the referred to level forces us to keep our positive expectations for the rest of the day.” notes the ICN.com Technical Analyst Team.
USD/CHF trading at support
Amidst the plunge, the pair is now entrenched in negative territory, operating at 0.9463, losing -0.47% Wednesday. The USD/CHF will look towards supports at 0.9467, then 0.9416, and 0.9384. Alternatively, an extension higher will initiate resistances at 0.9555, onto 0.9582, and 0.9633, calculates the Mataf.net analyst Team.