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27 Aug 2013
USD/CHF continues to trudge sideways above 0.9133 correction support
FXstreet.com (Barcelona) - One might have thought the USD/CHF cross would have seen some selling on the percolating tensions in the Middle East. But, no serious downside action has commenced yet.
USD/CHF traders will be reacting to US data and Syrian headlines Tuesday
Traders of USD/CHF will be tuned into the S&P Case Schiller Home Price Index, Consumer Confidence numbers and Richmond Fed Manufacturing Index on Tuesday. There will be no Swiss data released until Wednesday’s Consumption Indicator and Thursday’s employment levels.
Technical take on USD/CHF
Technicians are saying there may be one more test of 0.9133 “correction support” before a more serious move higher occurs in the USD/CHF. The next downside target below that level would be Fibonacci projection at 0.9001. First resistance for USD/CHF comes in at the 8/22 peak of 0.9289.
USD/CHF traders will be reacting to US data and Syrian headlines Tuesday
Traders of USD/CHF will be tuned into the S&P Case Schiller Home Price Index, Consumer Confidence numbers and Richmond Fed Manufacturing Index on Tuesday. There will be no Swiss data released until Wednesday’s Consumption Indicator and Thursday’s employment levels.
Technical take on USD/CHF
Technicians are saying there may be one more test of 0.9133 “correction support” before a more serious move higher occurs in the USD/CHF. The next downside target below that level would be Fibonacci projection at 0.9001. First resistance for USD/CHF comes in at the 8/22 peak of 0.9289.