26 Jul 2013
USD/CHF testing the 0.9300 level
FXstreet.com (New York) - The USD/CHF foreign exchange rate has managed to regain the 0.9300 region Friday, despite an earlier stumble that took the pair to the depths of 0.9269.
In what has transpired as a heavily muted session thus far, the USD/CHF is operating in negative territory, down a marginal -0.02%, navigating the region of 0.9300 presently as the USD continues to face headwinds this week. Briefing the technicals, the pair remains fortified by support at 0.9258, ahead of 0.9215, and 0.9147, notes the Mataf.net analyst team.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF is still trading weakly and the downside move became slow due to oversold signals as shown on momentum indicators. However, stability below Linear Regression Indicators and below 0.9370 forces us to keep our negative expectations.”
In what has transpired as a heavily muted session thus far, the USD/CHF is operating in negative territory, down a marginal -0.02%, navigating the region of 0.9300 presently as the USD continues to face headwinds this week. Briefing the technicals, the pair remains fortified by support at 0.9258, ahead of 0.9215, and 0.9147, notes the Mataf.net analyst team.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF is still trading weakly and the downside move became slow due to oversold signals as shown on momentum indicators. However, stability below Linear Regression Indicators and below 0.9370 forces us to keep our negative expectations.”