30 Aug 2013
USD/CHF catapults to fresh highs
FXstreet.com (New York) - The USD/CHF foreign exchange rate churned higher, having retested and broke its earlier highs, now streaming upwards during US trading.
At this juncture, the USD/CHF is now notching an advance of +0.15%, operating at 0.9325 Friday. Briefing the technicals, the USD/CHF remains capped by resistances at 0.9345, onto 0.9383, and 0.9446 calculates the Danske Research team.
USD/CHF strategic bias
According to Karen Jones, an analyst at Commerzbank, “USD/CHF has recovered further, eroding the 2 month resistance line. This adds weight to the idea that the market has based recently and looks set to tackle the 200- and 55-day moving averages at .9344/48 to be reached.”
At this juncture, the USD/CHF is now notching an advance of +0.15%, operating at 0.9325 Friday. Briefing the technicals, the USD/CHF remains capped by resistances at 0.9345, onto 0.9383, and 0.9446 calculates the Danske Research team.
USD/CHF strategic bias
According to Karen Jones, an analyst at Commerzbank, “USD/CHF has recovered further, eroding the 2 month resistance line. This adds weight to the idea that the market has based recently and looks set to tackle the 200- and 55-day moving averages at .9344/48 to be reached.”