• 720 days Will The ECB Continue To Hike Rates?
  • 720 days Forbes: Aramco Remains Largest Company In The Middle East
  • 722 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,122 days Could Crypto Overtake Traditional Investment?
  • 1,127 days Americans Still Quitting Jobs At Record Pace
  • 1,129 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,132 days Is The Dollar Too Strong?
  • 1,132 days Big Tech Disappoints Investors on Earnings Calls
  • 1,133 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,135 days China Is Quietly Trying To Distance Itself From Russia
  • 1,135 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,139 days Crypto Investors Won Big In 2021
  • 1,139 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,140 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,142 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,143 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,146 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,147 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,147 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,149 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

USD/CHF: Bearish Breakout at 0.9521

USD/CHF has broken the key support at 0.9521. Another key support can be found at 0.9334 (see 200 day moving average and rising trendline linking the low at 0.9022 (01/02/2013 low) to the one at 0.9207). Hourly resistances are at 0.9541 (intraday low, see also the declining trendline) and 0.9625.

Longer-term, USD/CHF has broken its resistance area between 0.9567 and 0.9636 (28/08/2012 high). A medium-term rise towards the strong resistance area between 0.9972 (24/07/2012 high) and 1.0067 (01/12/2010 high) is expected. The recent weakness from 0.9839 is seen as a short-term correction as long as the key support at 0.9334 (14/05/2013 low) holds.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment