Forex Technical Analysis USD/CHF 2012-08-03
- 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 | 1.0080 |
| RES 2 | 0.9978 |
| RES 1 | 0.9899 |
| SUP 1 | 0.9699 |
| SUP 2 | 0.9456 |
| SUP 3 | 0.9414 |
The US dollar against the Swiss franc remains in a narrow sideways zone between the 0.9899 upper level and the 0.9699 lower level. The lower level of the range is at the 50 SMA and at the valid uptrend line, therefore increasing the possibility of a support around 0.9699. Moreover, the FX pair could violate the resistance at 0.9899 driving prices to the 20-month high at 0.9978 and even to fresh highs above 0.9978. Investors are focusing today on the Non-Farm Payrolls for US which could strengthen the US dollar and push the currency pair to a new 20-month high or create a reversal pattern changing the daily trend. Penetration of the 0.9699 support would place the next support at 0.9456. Looking at the Oscillators there is not any clear indication of the coming move, the RSI is fluctuating between the 70% and the 30% area, the Momentum (7) is near its base line after a downtrend, and the Stochastic is in the neutral zone.
