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18 Dec 2013
USD/CHF spikes to 0.8905 highs
FXstreet.com (Chicago) - USD/CHF remains trading around yesterday’s boundaries and yet is able to visit the 0.89 zone momentarily reaching 0.8905 session highs after the results of the ZEW survey in Switzerland at 39.4 vs. past 31.6.
USD/CHF Technical Levels
Market participants remain expectant of what may be announced by the central bank later today. Printing higher highs and lows, the pair prints gains of 0.37% so far and trades at 0.8885. On the downside, supports are aligned at 0.8840 (December 10th lows), 0.8789 (September 20th 2011 lows), 0.8594 (October 30th 2011 lows) while the upside prints resistances set at 0.8918 (October 27th lows), 0.8974 (October 4th lows) followed by 0.9031 (November 29th lows). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and navigates above the EMA20.
USD/CHF Technical Levels
Market participants remain expectant of what may be announced by the central bank later today. Printing higher highs and lows, the pair prints gains of 0.37% so far and trades at 0.8885. On the downside, supports are aligned at 0.8840 (December 10th lows), 0.8789 (September 20th 2011 lows), 0.8594 (October 30th 2011 lows) while the upside prints resistances set at 0.8918 (October 27th lows), 0.8974 (October 4th lows) followed by 0.9031 (November 29th lows). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and navigates above the EMA20.