19 Jul 2013
USD/CHF stabilising after steep decline
FXstreet.com (Barcelona) - USD/CHF is stabilising around 0.9420 after a step decline overnight from over 0.9460.
USD/CHF has moved lower while the majority of the G10’s have seen the dollar pressured overnight. Bernanke didn’t offer anything further to offer the dollar much in the way of support in his final testimony to congress.
USD/CHF capped
USD/CHF continues to trade up on the 200 day ma but has failed to offer any conviction. The pair has been capped before the 0.9500 handle and the march high is way out of sight. The March high, 0.9568 puts pressures on the pair to the downside, from 0.9568 before the 0.9750 areas and July’s highs. The 200 day ma acts as key support and below here would open up a 78.6% retracement and last station before the June lows in the 0.9200’s
USD/CHF has moved lower while the majority of the G10’s have seen the dollar pressured overnight. Bernanke didn’t offer anything further to offer the dollar much in the way of support in his final testimony to congress.
USD/CHF capped
USD/CHF continues to trade up on the 200 day ma but has failed to offer any conviction. The pair has been capped before the 0.9500 handle and the march high is way out of sight. The March high, 0.9568 puts pressures on the pair to the downside, from 0.9568 before the 0.9750 areas and July’s highs. The 200 day ma acts as key support and below here would open up a 78.6% retracement and last station before the June lows in the 0.9200’s