FXstreet.com (Barcelona) - The U.S. dollar continued to depreciate against the Swiss franc in late European session and the pair is confined to a narrow range between 0.9751 and 0.9801.
According to the technical analysts Bijoy Kar and R. William MIG Bank, " A recent fresh annual high of 0.9839 suggests more upside to come. Of all of the US Dollar majors USD/CHF exhibits the most clearly bullish structure.”
At the time of writing, the cross is operating at the level of 0.9774, dropping -0.22% below its opening price. The ICN.com trading team confirms the next short-term supports at 0.9750, 0.9700, and finally 0.9680. On the ascension, a penetration of 0.9820, will enable the resistances of 0.9865 and 0.9900.
According to the technical analysts Bijoy Kar and R. William MIG Bank, " A recent fresh annual high of 0.9839 suggests more upside to come. Of all of the US Dollar majors USD/CHF exhibits the most clearly bullish structure.”
At the time of writing, the cross is operating at the level of 0.9774, dropping -0.22% below its opening price. The ICN.com trading team confirms the next short-term supports at 0.9750, 0.9700, and finally 0.9680. On the ascension, a penetration of 0.9820, will enable the resistances of 0.9865 and 0.9900.
