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19 Apr 2013
Forex: USD/CHF testing the 0.9300 barrier
FXstreet.com (Barcelona) - The USD/CHF has traded sideways at the 0.9300 barrier in recent moments during European trading Friday. Having tested this barrier, also its first calculated support, the cross is now incurring a loss of -0.26% at the time of writing.
Mataf.net analysts point to supports at 0.9297, ahead of 0.9270, and finally 0.9251. On the ascension, a break above 0.9343 will initiate resistances at 0.9362 and finally 0.9389.
“The USD/CHF didn’t show any big move since yesterday, while stability above SMA-20 and Fibonacci level is still seen on the four-hour graph. Fibonacci of 38.2% represents a strong technical obstacle and thus, we remain neutral over intraday basis, noting that technical indicators don’t give of clear signs.” notes the ICN.com analyst team.
Mataf.net analysts point to supports at 0.9297, ahead of 0.9270, and finally 0.9251. On the ascension, a break above 0.9343 will initiate resistances at 0.9362 and finally 0.9389.
“The USD/CHF didn’t show any big move since yesterday, while stability above SMA-20 and Fibonacci level is still seen on the four-hour graph. Fibonacci of 38.2% represents a strong technical obstacle and thus, we remain neutral over intraday basis, noting that technical indicators don’t give of clear signs.” notes the ICN.com analyst team.