Forex Technical Analysis USD/CHF 2012-07-26
- 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
- 2012-12-26
- 2012-12-14
| Levels | Value |
| RES 3 | 1.0143 |
| RES 2 | 1.0068 |
| RES 1 | 0.9984 |
| SUP 1 | 0.9870 |
| SUP 2 | 0.9770 |
| SUP 3 | 0.9650 |
Pair USDCHF remains inside a short-term ascending channel, reaching at the beginning of the week the highest level since the end of 2010 – 0.9971. After the pair completed last week a short-term continuation pattern formation, called “flag”, growth may be extended toward the target level 1.0143. However the nearest resistance comes at 0.9984, 161.8% Fibonacci extension level for the latest correction from 0.9770 to 0.9417. On the other hand the pair may find support at 0.9870 and 0.9770. As for technical indicators, RSI is still having space to move higher and ADX confirms that trend is strong, but Stochastic is signaling the growth pace may be decreasing due to signs of divergence.
