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22 Apr 2013
Forex: USD/CHF trading near session highs at 0.9343/50
FXstreet.com (Barcelona) - The USD/CHF is trading near session highs Monday (0.9350), having been rejuvenated after a disappointing previous week. During European trading, the pair is now testing the 0.9343/46 level, up a healthy +0.27% thus far.
Given the ascension, the Mataf.net technical analyst team has identified resistive measures of correction at 0.9357, followed by 0.9384, and ultimately 0.9424. A paring of gains will eventually lead to the cross encountering support at 0.9290, ahead of 0.9250, and 0.9223.
“The USD/CHF rebounded sharply to the upside during last week and is table above 0.9295, which is positive and might push the pair further to the upside. Meanwhile, the linear regression indicators are negative and the stochastic is showing overbought signals; as the Double Top Pattern’s affect is still valid.” warns the ICN.com analyst team.
Given the ascension, the Mataf.net technical analyst team has identified resistive measures of correction at 0.9357, followed by 0.9384, and ultimately 0.9424. A paring of gains will eventually lead to the cross encountering support at 0.9290, ahead of 0.9250, and 0.9223.
“The USD/CHF rebounded sharply to the upside during last week and is table above 0.9295, which is positive and might push the pair further to the upside. Meanwhile, the linear regression indicators are negative and the stochastic is showing overbought signals; as the Double Top Pattern’s affect is still valid.” warns the ICN.com analyst team.