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USD/CHF stabilizes above 0.9200 region

FXstreet.com (New York) – The USD/CHF foreign exchange rate has continued to tread ground above the 0.9200 region during US trading, despite easing off earlier highs.

USD/CHF strategic bias

According to the Technical Analyst Team at ICN.com, “The USD/CHF moved to the upside and is trading again above 0.9205 weakening the possibility of a downside move. Since the pair is stable below 0.9265 represented in 78.6% correction, the possibility of bringing bearishness back is valid. To support the mentioned idea, the pair has to stabilize again below 0.9205 to bring negativity back.”

USD/CHF technical levels

The USD/CHF is still entrenched in positive territory …read more