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11 Jun 2013
USD/CHF surrenders grip on 0.9300 support
FXstreet.com (New York) - The USD/CHF foreign exchange has been under siege Tuesday, with the bloodletting resuming during European trading.
USD/CHF beginning to show overbought signals?
According to the Technical Analyst Team at ICN.com, “The USD/CHF failed to stabilize above 0.9370 minimizing chances for a bullish correction. Meanwhile, the pair is still stable above its linear regression indicators forcing us to prefer remain neutral today especially that the stochastic is showing intraday overbought signals with stabilizing below 0.9370 level.”
USD/CHF support breached below 0.9300
Following yesterday’s gradual retreat off across the US session, the USD/CHF has managed to settle again in negative territory at 0.9277/81, down -0.72% on the day. According to the Mataf.net analyst team, the USD/CHF will face calculated short-term supports at 0.9257, then 0.9196 (previous support at 0.9297 was broken). Alternatively, resistances will be seen higher at 0.9398, onto 0.9459, and 0.9499.
USD/CHF beginning to show overbought signals?
According to the Technical Analyst Team at ICN.com, “The USD/CHF failed to stabilize above 0.9370 minimizing chances for a bullish correction. Meanwhile, the pair is still stable above its linear regression indicators forcing us to prefer remain neutral today especially that the stochastic is showing intraday overbought signals with stabilizing below 0.9370 level.”
USD/CHF support breached below 0.9300
Following yesterday’s gradual retreat off across the US session, the USD/CHF has managed to settle again in negative territory at 0.9277/81, down -0.72% on the day. According to the Mataf.net analyst team, the USD/CHF will face calculated short-term supports at 0.9257, then 0.9196 (previous support at 0.9297 was broken). Alternatively, resistances will be seen higher at 0.9398, onto 0.9459, and 0.9499.