7 Aug 2013
USD/CHF threatening fall below 0.9200 level
FXstreet.com (New York) - The USD/CHF foreign exchange rate moved slightly above its lows after bottoming out during US trading.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF fell below 0.9265, as it failed to stabilize above its Linear Regression Indicators when it attempted a movement to the upside. We prefer to be neutral today, as stabilizing above 0.9200 might bring positivity back; meanwhile failing to consolidate above Linear Regression Indicators weakens this possibility.”
USD/CHF technical levels
Technically speaking, the USD/CHF remains entrenched in negative territory, down -0.45% as it is now trading at 0.9217, slightly above its lows at 0.9207. Should the drop any lower, supports will attempt to hold the USD/CHF in check at 0.9205, ahead of 0.9170 (previous support was broken at 0.9230), notes the Mataf.net analyst team.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF fell below 0.9265, as it failed to stabilize above its Linear Regression Indicators when it attempted a movement to the upside. We prefer to be neutral today, as stabilizing above 0.9200 might bring positivity back; meanwhile failing to consolidate above Linear Regression Indicators weakens this possibility.”
USD/CHF technical levels
Technically speaking, the USD/CHF remains entrenched in negative territory, down -0.45% as it is now trading at 0.9217, slightly above its lows at 0.9207. Should the drop any lower, supports will attempt to hold the USD/CHF in check at 0.9205, ahead of 0.9170 (previous support was broken at 0.9230), notes the Mataf.net analyst team.