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19 Dec 2013
USD/CHF’s limits smashed; 2-week record highs
FXstreet.com (Chicago) - USD/CHF spikes to fresh new records above the 0.8980 zone for a total daily advancement of 0.40% and weekly gains of 0.90%.
USD/CHF Technical Levels
Price action reveals the pair reaches new highs at 0.8981, 2-week highs, as the bullish sentiment towards the greenback intensifies. Consolidating a reversal day that started two sessions ago the dollar advances against a weakened Swissy. Offered at 0.8977, the pair navigates between the supports aligned with 0.8918 (September 20th 2011 lows), 0.8840 (December 10th lows) ahead of 0.8789 (October 25th lows) and the resistances set at 0.8974 (October 6th lows), 0.9031 (November 30th lows) followed by 0.9109 (December 10th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish and oscillates above the EMA20.
USD/CHF Technical Levels
Price action reveals the pair reaches new highs at 0.8981, 2-week highs, as the bullish sentiment towards the greenback intensifies. Consolidating a reversal day that started two sessions ago the dollar advances against a weakened Swissy. Offered at 0.8977, the pair navigates between the supports aligned with 0.8918 (September 20th 2011 lows), 0.8840 (December 10th lows) ahead of 0.8789 (October 25th lows) and the resistances set at 0.8974 (October 6th lows), 0.9031 (November 30th lows) followed by 0.9109 (December 10th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish and oscillates above the EMA20.