The USD/CHF holds to recent positive tone, although barely changed intraday as markets lack volume. Having reached an intraday high at 0.8502, the pair retreated from the area and quotes around 0.8474 by the time of writing, past Asian session opening.
Technically, and according to Valeria Bednarik, chief analyst, the pair holds above static support at 0.8440, with “hourly chart showing RSI near overbought level, slightly exhausted and momentum flat while price holds above 20 SMA. Trading range for current American session should remain the mentioned 0.8440/0.8500 area”. Further support lies at 0.8400 while only above 0.8550 pair may resume the bullish trend, according to her view.
Technically, and according to Valeria Bednarik, chief analyst, the pair holds above static support at 0.8440, with “hourly chart showing RSI near overbought level, slightly exhausted and momentum flat while price holds above 20 SMA. Trading range for current American session should remain the mentioned 0.8440/0.8500 area”. Further support lies at 0.8400 while only above 0.8550 pair may resume the bullish trend, according to her view.
No comments:
Post a Comment