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9 Aug 2013
USD/CHF trading near session highs
FXstreet.com (New York) - The USD/CHF foreign exchange rate recently peaked at 0.9230 (session high), hanging around this region during the latter stages of US trading.
USD/CHF strategic bias
According to Karen Jones, an analyst at Commerzbank, “The USD/CHF continues to weigh on the downside, however we suspect that the market will find support at the .9175 2013 support line and again at the .9130 June low. The market will need to overcome the accelerated resistance line at .9285 in order to alleviate downside pressure.”
USD/CHF technical levels
Technically speaking, the USD/CHF is recording healthy gains of +0.22% above it’s opening, navigating the region of 0.9224 in these moments. The USD/CHF remains held by resistance at 0.9229, onto 0.9258, and 0.9285, notes the Mataf.net analyst team.
USD/CHF strategic bias
According to Karen Jones, an analyst at Commerzbank, “The USD/CHF continues to weigh on the downside, however we suspect that the market will find support at the .9175 2013 support line and again at the .9130 June low. The market will need to overcome the accelerated resistance line at .9285 in order to alleviate downside pressure.”
USD/CHF technical levels
Technically speaking, the USD/CHF is recording healthy gains of +0.22% above it’s opening, navigating the region of 0.9224 in these moments. The USD/CHF remains held by resistance at 0.9229, onto 0.9258, and 0.9285, notes the Mataf.net analyst team.