Quantcast

USDCHF Finding Resistance Below The Double Resistance

February 10, 2013 7:44 am GMT+0  in Chart Alert

+2
  

USD/CHF had moved up strongly from the recent low of 0.9022. More than anything it can be attributed to the psychological support of 0.9000. The currency pair is finding resistance below the 50% retracement of the downward move during January 17th to February 1st. Just about this resistance is another resistance of 55-day EMA. The current 55-day EMA is at 0.9211.

USD/CHF Daily Chart

USD/CHF daily chart - resistance below 50% retracement

Please also check the regularly updated USD/CHF outlook.

Author Info

Avatar of ForexAbode.com

ForexAbode.com's analysts provide Forex market analysis based on technical, fundamental as well as psychological aspects. Apart from the daily and weekly Forex outlook posted on the respective pages, the outlook and news are also updated on the blog section. ForexAbode analysis is also featured on some of the leading financial news and analysis sites. Please use the comment form below or contact us page for any comments, suggestions or complaints. You may also write to us at contact(@)forexabode.com by removing the brackets in the email address.

Contributor Contact, Accountability and Policies

0 responses to USDCHF Finding Resistance Below The Double Resistance

Leave a reply

Your email address will not be published. Required fields are marked *