4 Sep 2013
USD/CHF attracts bids after sliding 30 pips
FXstreet.com (London) - USD/CHF lost ground on a broader based dollar sell off and has dented the ascending trend line from 0.9340 that commenced at the start of the week.
USD/CHF has attracted bids at 0.9350 and is currently attempting to re-enter the ascending channels base line. The high for today has been a marginal 0.9384 while the main focus for this week will be the US job numbers on Friday. The US payrolls will be make or break for September tapering, according to Cristian Maggio, Senior Emerging Markets Strategist, Rates and FX Research at TD Securities. “…with 100k being the key threshold,”
USD/CHF levels
The 20 DMA is 9263, the 50 DMA is .9355 and the 200 DMA is .9345. RSI (14) is 44.69. Supports are ascending from .9260, .9280, .9310 and .9340. Spot is currently .9375 while resistances are .9383, .9396, .9416 and .9443.
USD/CHF has attracted bids at 0.9350 and is currently attempting to re-enter the ascending channels base line. The high for today has been a marginal 0.9384 while the main focus for this week will be the US job numbers on Friday. The US payrolls will be make or break for September tapering, according to Cristian Maggio, Senior Emerging Markets Strategist, Rates and FX Research at TD Securities. “…with 100k being the key threshold,”
USD/CHF levels
The 20 DMA is 9263, the 50 DMA is .9355 and the 200 DMA is .9345. RSI (14) is 44.69. Supports are ascending from .9260, .9280, .9310 and .9340. Spot is currently .9375 while resistances are .9383, .9396, .9416 and .9443.