Back
17 May 2013
USD/CHF holds onto gains at 0.9672/73
FXstreet.com (Barcelona) - The USD/CHF managed to rebound successfully off of yesterdays tumble, mounting a steadfast recovery and chugging along this morning during European trading Friday.
In these moments, the pair is now trading at 0.9672/73, still up +0.27%, despite trading slightly off its highs at 0.9688. According to the Mataf.net technical analyst team, per a rise in the USD/CHF, the cross will encounter its next short-term resistances at 0.9713, followed by 0.9777, and 0.9844. Conversely, the pair is set to face calculated support at 0.9582, then 0.9515, and ultimately 0.9451.
“The USD/CHF is in great volatility but managed to stay positive. Levels 0.9610 halted the bullish momentum and brought positivity back, we think that stability above 0.9610 is enough to keep our positive expectations today. We should point out that watching the pair around 0.9770 levels as they determine the trend.” notes the ICN.com Technical Analyst team.
In these moments, the pair is now trading at 0.9672/73, still up +0.27%, despite trading slightly off its highs at 0.9688. According to the Mataf.net technical analyst team, per a rise in the USD/CHF, the cross will encounter its next short-term resistances at 0.9713, followed by 0.9777, and 0.9844. Conversely, the pair is set to face calculated support at 0.9582, then 0.9515, and ultimately 0.9451.
“The USD/CHF is in great volatility but managed to stay positive. Levels 0.9610 halted the bullish momentum and brought positivity back, we think that stability above 0.9610 is enough to keep our positive expectations today. We should point out that watching the pair around 0.9770 levels as they determine the trend.” notes the ICN.com Technical Analyst team.