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1 Nov 2013
USD/CHF cruising close to 0.9065 support
FXstreet.com (Chicago) - USD/CHF extends horizontal movement after exhausting a rally that led to weekly gains.
Earlier in the US, job market results disappointed with initial and continuing jobless claims worse than expected somehow justifying the Fed’s decision not to taper.
USD/CHF Technical Levels
Price action reveals a pair that attempts to holds on to the 0.9070 zone after extending an upward trendline that advanced throughout the week. After reversing direction last October 25th, the pair reaches 2-week highs at Tokyo’s opening. Offered at 0.9069, the pair oscillates between the supports aligned at 0.9065 (October 13th lows), 0.9036 (October 21st highs), 0.90 (October 17th lows) and the resistances set at 0.9065 (October 14th lows), 0.9091 (October 15th lows) followed by 0.9131 (October 11th highs).
Earlier in the US, job market results disappointed with initial and continuing jobless claims worse than expected somehow justifying the Fed’s decision not to taper.
USD/CHF Technical Levels
Price action reveals a pair that attempts to holds on to the 0.9070 zone after extending an upward trendline that advanced throughout the week. After reversing direction last October 25th, the pair reaches 2-week highs at Tokyo’s opening. Offered at 0.9069, the pair oscillates between the supports aligned at 0.9065 (October 13th lows), 0.9036 (October 21st highs), 0.90 (October 17th lows) and the resistances set at 0.9065 (October 14th lows), 0.9091 (October 15th lows) followed by 0.9131 (October 11th highs).