USD/CHF Technical Analysis: Treading Water Below 0.97

| 29 juli, 2015 | 0 kommentarer

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

Talking Points:

  • USD/CHF Technical Strategy: Flat
  • Support:0.9572, 0.9524, 0.9491
  • Resistance: 0.9641, 0.9712, 0.9770

The US Dollar remains in consolidation mode after rising to the highest level in three months against the Swiss Franc. A daily close above the 23.6% Fibonacci expansion at 0.9641 exposes the 38.2% level at 0.9712. Alternatively, a turn below trend line support at 0.9572 clears the way for a test of the July 23 low at 0.9524.

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: Treading Water Below 0.97

— 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 *