FXstreet.com (Barcelona) - After trading in a small range between 1.0820 and 1.0850 in the Asian session, USD/CHF has attempted to break 1.0850 and after posting 1.0853 as fresh intra-day high, pair has begun to fall to trade close to 1.0830.
Currently the pair is trading around 1.0835/45, 0.30% above today's opening price action.
Rajoo C, analyst at Precise Trader, commented this morning: "The Hourly Oscillators are mixed and the price is below the MA, so Cautious approach is needed. Hourly Trend is Sideways while 10905 holds and Daily Trend is also Sideways while 10585 holds, so expect the price to be choppy. The patterns are choppy but pointing lower while 10905 level holds. Conservative traders should be Sidelined or strictly trade only at our levels. Aggressive traders should also be Sidelined until there is a breakout."
USD/CHF (Jul 14 at 10:36 GMT)
H 1.0862 L 1.0803
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.0826 | 1.0831 | 1.0837 | 1.0847 | 1.0853 | 1.0858 |
| [?]Trend Index | [?]OB/OS Index |
| Strongly Bullish | Neutral |
| Data updated on Jul 14 at 10:35 (15-minute timeframe) |
[ View USD/CHF Technical Studies ]
