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27 Feb 2014
USD/CHF to recover or 0.88 next landing spot?
FXStreet (Guatemala) - USD/CHF has lost the 0.89 handle and supply took the pair through onto 0.8880/70 support where demand is holding the pair up for the time being.
Karen Jones at Commerzbank had sighted that intraday dips would ideally hold within this vicinity but explained, “Slightly longer term, we look for the market to stabilise ahead of the 0.8800 recent low and recover”.
USD/CHF Levels
The 20 DMA is 0.8955, the 50 DMA is 0.8985 and the 200 DMA is 0.9171. RSI (14) reads 44.09. Supports are ascending from 0.8800, 0.8850, 0.8867. Spot is 0.8870 while resistances are 0.8890, 0.8930, 0.8940, 0.8949 and 0.8974.
Karen Jones at Commerzbank had sighted that intraday dips would ideally hold within this vicinity but explained, “Slightly longer term, we look for the market to stabilise ahead of the 0.8800 recent low and recover”.
USD/CHF Levels
The 20 DMA is 0.8955, the 50 DMA is 0.8985 and the 200 DMA is 0.9171. RSI (14) reads 44.09. Supports are ascending from 0.8800, 0.8850, 0.8867. Spot is 0.8870 while resistances are 0.8890, 0.8930, 0.8940, 0.8949 and 0.8974.