Forex: USD/CHF trading at 0.9470

on Jul 16, 2013
Listen Tuesday July 16th_: The USD/CHF added 0.15 percent in value yesterday, closing at 0.9483 after trading within the range 0.9454 to 0.9533. Today the price has been falling, with the range now 0.9493 to 0.9453, and is currently at 0.9470.

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Since 10 July the price action has been moving sideways and finding support at the flat 89-day simple moving average. At the moment there is a retrace from the descending 89-hour simple moving average and the pair may decline short term.
Resistance levels: 0.9490, 0.9515 and 0.9535.
Support levels: 0.9470, 0.9440 and 0.9405.



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CHF Forex