• 941 days Will The ECB Continue To Hike Rates?
  • 941 days Forbes: Aramco Remains Largest Company In The Middle East
  • 943 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,342 days Could Crypto Overtake Traditional Investment?
  • 1,347 days Americans Still Quitting Jobs At Record Pace
  • 1,349 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,352 days Is The Dollar Too Strong?
  • 1,353 days Big Tech Disappoints Investors on Earnings Calls
  • 1,353 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,355 days China Is Quietly Trying To Distance Itself From Russia
  • 1,355 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,359 days Crypto Investors Won Big In 2021
  • 1,360 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,360 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,363 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,363 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,366 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,367 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,367 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,369 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

USD/CHF: Pushing Higher

USD/CHF continues to move higher after validating a double-bottom formation, whose upside potential is at 0.9169. An initial support stands at 0.9068 (intraday low, see also the shortterm rising trendline). Another support lies at 0.9020. Resistances can be found at 0.9131 and 0.9192.

From a longer term perspective the structure present since 0.9972 (24/07/2012) is seen as a large corrective phase which is potentially reaching completion. The support area defined by 0.8931 (24/02/2012 low) and 0.8833 has thus far held, favouring a potential base formation. A key resistance stands at 0.9250.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment