USDCHF: Resistance will be seen at 0.9350/70

USDCHF: 0.9295

US$Chf had a choppy Wednesday, rising to 0.9373 before reversing to a low of 0.9285, and at the end of the session the dollar is closing near the lows.

1 hour/4 hour indicators: Turning lower.

Daily Indicators: Turning higher

Weekly Indicators:  Turning lower

Preferred Strategy:  The short term momentum indicators are looking heavy, and below 0.9285 opens up the Feb low of 0.9250, below which there is little support ahead of 0.9150.

On the topside, resistance will be seen at 0.9350/70 although above here looks unlikely today. If wrong, further offers will arrive near 0.9400 and above this would allow a move back  towards 0.9470

Sidelined.

Resistance   Support  
0.9403/08 12 Feb high/9 Feb high 0.9284 Session low
0.9397 13 Feb high 0.9250 2 Feb low
0.9373 Session high 0.9220 Minor
0.9365 100 HMA/200 HMA 0.9200 Minor
0.9350 Minor 0.9150 14 June 2015 low

 

USDCHF

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