15 Nov 2013
USD/CHF exhausts after bounce from 0.9130 session lows
FXstreet.com (Chicago) - USD/CHF remains trendless after exhausting fuel from earlier rally that pushed the pair back above the 0.9150 zone.
Earlier in the US, the US released manufacturing and trade balance results that failed to meet expectations. Having lost 0.62% so far this week, the pair erased previous gains on retracement from 0.9193 session highs. Long-term perspectives display diverging primary and secondary trends revealing upside and downside pressure ahead of Wall Street’s closing.
USD/CHF Technical Levels
Technically speaking, the pair is offered at 0.9153 and oscillates between the supports aligned at 0.9134 (November 14th lows), 0.9091 (November 4th lows) ahead of 0.9019 (October 30th highs) and the resistances set at 0.9189 (November 14th highs), 0.9224 (November 11th highs) followed by 0.9252 (November 7th highs). According to the FXstreet.com trend index, the pair is strongly bearish on one-hour timeframe analysis and oscillates above the EMA20.
Earlier in the US, the US released manufacturing and trade balance results that failed to meet expectations. Having lost 0.62% so far this week, the pair erased previous gains on retracement from 0.9193 session highs. Long-term perspectives display diverging primary and secondary trends revealing upside and downside pressure ahead of Wall Street’s closing.
USD/CHF Technical Levels
Technically speaking, the pair is offered at 0.9153 and oscillates between the supports aligned at 0.9134 (November 14th lows), 0.9091 (November 4th lows) ahead of 0.9019 (October 30th highs) and the resistances set at 0.9189 (November 14th highs), 0.9224 (November 11th highs) followed by 0.9252 (November 7th highs). According to the FXstreet.com trend index, the pair is strongly bearish on one-hour timeframe analysis and oscillates above the EMA20.