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25 Mar 2013
Forex: USD/CHF testing the 0.9500 level
FXstreet.com (Barcelona) - The USD/CHF has rallied higher during American trading Monday, establishing fresh intraday maximums at the 0.9500 level. Having moved on downtrodden remarks out of Cyprus, the pair is now operating +0.78% above its opening.
“Despite the recent jump however, the USD/CHF linear regression indicators are negative as the stochastic is showing positive signals; also the RSI is getting close to oversold areas. Therefore, we prefer to be neutral in our weekly report to see how the pair would react at 0.9375 levels.” recommends the ICN.com analyst team.
After breaking through resistance at 0.9453, Mataf.net analysts identify the next measures of correction at 0.9511, onto the 0.9548 mark. Conversely, the USD/CHF is slated to encounter calculated support at 0.9358, ahead of 0.9321, and ultimately 0.9263.
“Despite the recent jump however, the USD/CHF linear regression indicators are negative as the stochastic is showing positive signals; also the RSI is getting close to oversold areas. Therefore, we prefer to be neutral in our weekly report to see how the pair would react at 0.9375 levels.” recommends the ICN.com analyst team.
After breaking through resistance at 0.9453, Mataf.net analysts identify the next measures of correction at 0.9511, onto the 0.9548 mark. Conversely, the USD/CHF is slated to encounter calculated support at 0.9358, ahead of 0.9321, and ultimately 0.9263.