22 Jul 2013
USD/CHF stabilizes at 0.9350 region
FXstreet.com (New York) - The USD/CHF foreign exchange rate fell sharply during US trading Monday, bottoming out at 0.9322, before recovering mildly towards the 0.9350 region.
At the time of writing, the USD/CHF is now settling near at 0.9352, presently incurring a sizable loss of -0.63% off its opening during US trading. Technically speaking, the USD/CHF will encounter supportive means at 0.9358, onto 0.9334, and finally 0.9313, calculates the Danske Research team.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF dropped approaching 0.9370 levels represented in 61.8% correction, breaking it is required to cancel the oversold effect shown on Stochastic. We will hold on to our negative expectations this week unless the pair breaches 0.9515.”
At the time of writing, the USD/CHF is now settling near at 0.9352, presently incurring a sizable loss of -0.63% off its opening during US trading. Technically speaking, the USD/CHF will encounter supportive means at 0.9358, onto 0.9334, and finally 0.9313, calculates the Danske Research team.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF dropped approaching 0.9370 levels represented in 61.8% correction, breaking it is required to cancel the oversold effect shown on Stochastic. We will hold on to our negative expectations this week unless the pair breaches 0.9515.”