USD/CHF Technical Analysis: Range Top Sub-0.96 Eyed

| 3 juli, 2015 | 0 kommentarer

To receive Ilya’s analysis directly via email, please SIGN UP HERE

Talking Points:

  • USD/CHF Technical Strategy: Flat
  • Support:0.9179, 0.9071, 0.8958
  • Resistance: 0.9554, 0.9769, 0.9985

The US Dollar continued to push higher against the Swiss Franc, with buyers now taking aim at late May swing highs. A daily close above the 0.9551-54 area (23.6% Fibonacci expansion, trend line) exposes the 38.2% level at 0.9769. Alternatively, a turn below trend line support at 0.9179 clears the way for a test of the May 7 low at 0.9071.

Prices are too close to resistance to justify entering long from a risk/reward perspective. On the other hand, the absence of a defined bearish reversal signal suggests that taking up the short side is premature. With that in mind, we will remain flat for now.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

USD/CHF Technical Analysis: Range Top Sub-0.96 Eyed

— Written by Ilya Spivak, Currency Strategist for DailyFX.com

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

E-postadressen publiceras inte. Obligatoriska fält är märkta *