2 Jul 2013
USD/CHF thrusts above the 0.9500 level
FXstreet.com (New York) - The USD/CHF technical jumped above the 0.9500 barrier Tuesday, helped by the recent USD resurgence and upbeat US economic data.
In the United States, the ISM New York Index (June) came in at 47.0, compared with a result of 54.4 previously. In addition, Factory Orders (MoM) were reported at +2.1% in May, beating expectations of +2.0%.
USD/CHF stabilizes above 0.9500
In light of the recent thrust, the USD/CHF is now entrenched in positive territory at 0.9511 Tuesday, sailing +0.62% above it’s opening during US trading. Consistent with the calculations of the Danske Research Team, the USD/CHF will face resistive means at 0.9521, then 0.9541, and eventually 0.9564. Conversely, a break below 0.9405 will initiate support at 0.9384 and 0.9372.
USD/CHF bullish above 0.9485
According to the Technical Analyst Team at ICN.com, “The USD/CHF is moving gradually to the upside in an attempt to stabilize above 0.9485. Prolonged stability above the referred to level is required to prove further bullishness today.”
In the United States, the ISM New York Index (June) came in at 47.0, compared with a result of 54.4 previously. In addition, Factory Orders (MoM) were reported at +2.1% in May, beating expectations of +2.0%.
USD/CHF stabilizes above 0.9500
In light of the recent thrust, the USD/CHF is now entrenched in positive territory at 0.9511 Tuesday, sailing +0.62% above it’s opening during US trading. Consistent with the calculations of the Danske Research Team, the USD/CHF will face resistive means at 0.9521, then 0.9541, and eventually 0.9564. Conversely, a break below 0.9405 will initiate support at 0.9384 and 0.9372.
USD/CHF bullish above 0.9485
According to the Technical Analyst Team at ICN.com, “The USD/CHF is moving gradually to the upside in an attempt to stabilize above 0.9485. Prolonged stability above the referred to level is required to prove further bullishness today.”