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21 Jun 2013
USD/CHF spiking through 0.9300 handle
FXstreet.com (London) - USD/CHF is bid after the NY open with it recording session highs in the day.
USD/CHF has moved up from 0.9269 in the European session to currently print at the time of writing between 0.9320/23. There isn’t any data scheduled for the pair. The MA’s are offering a continued bias to the upside with momentum indicators also in the green, while RSI on the hourly chart is reading 14 and the pair now trade above the pivot in positive territory.
USD/CHF next stop
The USD/CHF is targeting 0.9350 to close higher for key resistance at 0.9450. The range is wide, although the bias overall is still to the downside while trading below 0.9775 and eyes are towards January lows where 0.9000 would come in as the psychological barrier.
USD/CHF has moved up from 0.9269 in the European session to currently print at the time of writing between 0.9320/23. There isn’t any data scheduled for the pair. The MA’s are offering a continued bias to the upside with momentum indicators also in the green, while RSI on the hourly chart is reading 14 and the pair now trade above the pivot in positive territory.
USD/CHF next stop
The USD/CHF is targeting 0.9350 to close higher for key resistance at 0.9450. The range is wide, although the bias overall is still to the downside while trading below 0.9775 and eyes are towards January lows where 0.9000 would come in as the psychological barrier.