22 Aug 2013
USD/CHF cannot summit 0.9300 region, volatility remains
FXstreet.com (New York) - The USD/CHF foreign exchange rate remained positive Thursday, though could not ultimately pierce the 0.9300 barrier, stopping short at 0.9298 (session high) during US trading.
In the United States, Initial Jobless Claims came in at 336K, missing expectations of 322K. In addition, Continuing Jobless Claims were reported at 2.999M, relative to a figure of 2.970M previously. Finally, the Market Manufacturing PMI (August) yielded a figure of 53.9, beating a projection of 53.8.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CYF managed to move gradually to the upside and has currently stabilized above 0.9265, which might extend the upside move in the U.S. session and the upcoming period also. Trading above 0.9265 will force the pair to respond to the positive bias showing on the stochastic.”
USD/CHF technical levels
Following the recent volatility and movements in the pair, the USD/CHF has now moved to to 0.9261 in these moments, clinging to an advance of +0.41% above its opening. In terms of the technical levels, the USD/CHF will look to test resistance at 0.9265, onto 0.9294, and 0.9345, notes the Mataf.net analyst team.
In the United States, Initial Jobless Claims came in at 336K, missing expectations of 322K. In addition, Continuing Jobless Claims were reported at 2.999M, relative to a figure of 2.970M previously. Finally, the Market Manufacturing PMI (August) yielded a figure of 53.9, beating a projection of 53.8.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CYF managed to move gradually to the upside and has currently stabilized above 0.9265, which might extend the upside move in the U.S. session and the upcoming period also. Trading above 0.9265 will force the pair to respond to the positive bias showing on the stochastic.”
USD/CHF technical levels
Following the recent volatility and movements in the pair, the USD/CHF has now moved to to 0.9261 in these moments, clinging to an advance of +0.41% above its opening. In terms of the technical levels, the USD/CHF will look to test resistance at 0.9265, onto 0.9294, and 0.9345, notes the Mataf.net analyst team.