Forex Technical Analysis USD/CHF 2012-06-06
- 2013-06-12
- 2013-06-04
- 2013-05-24
- 2013-05-16
- 2013-05-08
- 2013-04-29
- 2013-04-18
- 2013-04-10
- 2013-04-02
- 2013-03-25
- 2013-03-15
- 2013-02-26
- 2013-02-12
- 2013-01-17
- 2013-01-09
| Levels | Value |
| RES 3 | 1.0097 |
| RES 2 | 0.9894 |
| RES 1 | 0.9770 |
| SUP 1 | 0.9566 |
| SUP 2 | 0.9319 |
| SUP 3 | 0.9035 |
The US dollar has lost some ground against the Swiss franc in the recent trading sessions, it pulled back to support level 0.9566, after reaching resistance at 0.9770 in the previous week. Looking at the daily chart the USDCHF is in an uptrend and the 0.9566 level represents a 23.60% retracement of the upward move from the 0.9035 support level to the 0.9770 resistance level. Next possible resistance is at the 0.9894 level which is the 161.8% of the last pull back from the highs. Moreover, on the hourly chart one can see that there is a valid uptrend line where the prices have recently found support. Looking at the oscillators, the last indication from Stochastic is that bears are in place, the Moving Average of Oscillator also gives a negative signal.
