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2 Aug 2013
USD/CHF forging base at 0.9275 on failed expectations
FXstreet.com (Chicago) - USD/CHF plunged on nonfarm payroll data earlier today to finally find potential grounds at 0.9275 as losses add up to 0.91%.
On aftermath of weaker than expected earnings and job data in the US, the pair drifted down earlier this morning. Failing to stabilize above 0.9320, the FXstreet.com technical studies reported pair as slightly bearish as pair traded below EMAs for short and long hauls.
At 0.9282, the greenback and Swissy navigated between supports at 0.9278 (June 20 highs), 0.9261 (July 25 lows), 0.9240 (June 20 lows) and resistances at 0.9310 (June 24 lows), 0.9356 (July 17 lows), 0.9412 (July 28 lows).
On aftermath of weaker than expected earnings and job data in the US, the pair drifted down earlier this morning. Failing to stabilize above 0.9320, the FXstreet.com technical studies reported pair as slightly bearish as pair traded below EMAs for short and long hauls.
At 0.9282, the greenback and Swissy navigated between supports at 0.9278 (June 20 highs), 0.9261 (July 25 lows), 0.9240 (June 20 lows) and resistances at 0.9310 (June 24 lows), 0.9356 (July 17 lows), 0.9412 (July 28 lows).