Back
14 Aug 2013
USD/CHF bid in London
FXstreet.com (Barcelona) - USD/CHF is steady at the top of the bull channel reaching 0.9376 the high.
USD/CHF has performed a move through 0.9340 resistance to find a high of 0.9376 in London. The pair eyes US data while most keenly the market will focus on US jobs data towards the end of the week and CPI.
USD/CHF reaches 55 dma
Axel Rudolph, Senior Technical Analyst at Commerzbank said USD/CHF is about to reach the 200- and 55-day moving averages at 0.9355 and 0.9375. “Only a daily chart close above the next higher 0.9390 current August high will most likely mean that another up leg towards the 0.9753 July high is being made. Unexpected failure at last week’s 0.9175 low would push the June trough at 0.9130 back to the fore, however. We instead expect to see further strength in the days to come”.
USD/CHF has performed a move through 0.9340 resistance to find a high of 0.9376 in London. The pair eyes US data while most keenly the market will focus on US jobs data towards the end of the week and CPI.
USD/CHF reaches 55 dma
Axel Rudolph, Senior Technical Analyst at Commerzbank said USD/CHF is about to reach the 200- and 55-day moving averages at 0.9355 and 0.9375. “Only a daily chart close above the next higher 0.9390 current August high will most likely mean that another up leg towards the 0.9753 July high is being made. Unexpected failure at last week’s 0.9175 low would push the June trough at 0.9130 back to the fore, however. We instead expect to see further strength in the days to come”.