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13 Aug 2013
USD/CHF opening up fresh highs
FXstreet.com (New York) - The USD/CHF foreign exchange rate climbed substantially higher Tuesday with the USD flexing its muscles across the US session thus far.
At this juncture, the USD/CHF is now navigating the region of 0.9340, en route to a robust climb of +0.87% above its opening. Briefing the technicals, the USD/CHF blew through resistance at 0.9293 and 0.9319 and will look to target 0.9352, calculates the Mataf.net analyst team.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF benefited from stability above 0.9265 but we can find it now close to the main descending resistance. Breaching this resistance might clearly extend bullishness and as seen over four-hour basis the Linear Regression Indicators crossed over positively supporting the attempt to break higher and possible bullish extension.”
At this juncture, the USD/CHF is now navigating the region of 0.9340, en route to a robust climb of +0.87% above its opening. Briefing the technicals, the USD/CHF blew through resistance at 0.9293 and 0.9319 and will look to target 0.9352, calculates the Mataf.net analyst team.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/CHF benefited from stability above 0.9265 but we can find it now close to the main descending resistance. Breaching this resistance might clearly extend bullishness and as seen over four-hour basis the Linear Regression Indicators crossed over positively supporting the attempt to break higher and possible bullish extension.”