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17 Dec 2013
USD/CHF can’t get out from the hole
FXstreet.com (Chicago) - USD/CHF continues resisting unbearable bearish pressure that maintains the pair on low-key price levels at the 0.8840 front.
USD/CHF Technical Levels
Price action reveals the convergence of primary and secondary trends to confirm a strong bearish sentiment that spreads across market participants trading the Swissy pair. The last meeting of the Fed and FOMC are tomorrow before the end of a 2013 that leaves the greenback weaker. Offered at 0.8841, the pair navigates between the supports aligned at 0.8773 (March 10th 2011 lows), 0.8683 (June 20th 2011 lows) ahead of 0.8559 (October 16th 2011 lows) and the resistances set at 0.8847 (December 8th lows), 0.8917 (October 12th highs), 0.8968 (October 24th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and yet flows below the EMA20.
USD/CHF Technical Levels
Price action reveals the convergence of primary and secondary trends to confirm a strong bearish sentiment that spreads across market participants trading the Swissy pair. The last meeting of the Fed and FOMC are tomorrow before the end of a 2013 that leaves the greenback weaker. Offered at 0.8841, the pair navigates between the supports aligned at 0.8773 (March 10th 2011 lows), 0.8683 (June 20th 2011 lows) ahead of 0.8559 (October 16th 2011 lows) and the resistances set at 0.8847 (December 8th lows), 0.8917 (October 12th highs), 0.8968 (October 24th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and yet flows below the EMA20.