Forex: USD/CHF almost at 0.9500

on Jul 4, 2013
Listen Thursday July 04th_: Yesterday the pair dropped 0.52 percent to close below the 0.9500 level. So far today the price has been rising and at press time is staying at 0.9485.

Since early Asian trading today, the ascending 89-hour simple moving average has been offering support for the pair.
The first target to the upside is the 0.9500 level, which was missed by just a few pips five hours ago.
The pair is trading above the MA89 and MA200 on the daily, four-hour and one-hour scales, where the MACD indicator is positive, so giving primacy to the bullish outlook. However, the MACD on the 4H chart is in divergence mode, which may push the price to the downside.
Resistances: 0.9500, 0.9525 and 0.9550.
Supports: 0.9470, 0.9445 and 0.9410.
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