Back
9 Aug 2013
USD/CHF, is the rally slowing down?
FXstreet.com (Chicago) - USD/CHF rallied to intraday highs at 0.9229 as the dollar strengthened 0.26% against the Swissy throughout Friday.
In Wall Street, the markets printed losses amid speculations on Fed stimulus package.
Price action evidenced a steady climb that started since the early morning. Nonetheless, the rally seemed to stop this past hour as the pair accumulates 0.01% this afternoon. Trading at 0.9225, the pair navigates between supports at 0.9224 (June 12th highs), 0.9200 (June 18th highs) ahead of 0.9176 (June 17th lows) and resistances at 0.9237 (June 14th highs0, 0.9248 (August 6th lows) followed by 0.9255 (June 13th highs).
In Wall Street, the markets printed losses amid speculations on Fed stimulus package.
Price action evidenced a steady climb that started since the early morning. Nonetheless, the rally seemed to stop this past hour as the pair accumulates 0.01% this afternoon. Trading at 0.9225, the pair navigates between supports at 0.9224 (June 12th highs), 0.9200 (June 18th highs) ahead of 0.9176 (June 17th lows) and resistances at 0.9237 (June 14th highs0, 0.9248 (August 6th lows) followed by 0.9255 (June 13th highs).