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Alert - 09:55 (CET) - UsdChf
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The UsdChf is trading at 1.2016, ranging between 1.1923 and 1.2037. The current price is over yesterday's close at 1.1937. Checking the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are over the 200-day EMA. Despite that, the current price is under this last EMA.
Checking these graphics, wee see that the pair wasn't able to break the barrier at 1.2300. If broken, the traders would contemplate resistances not seen since June 2007. For example, 1.2470 (June 14th, 2007 high), 1.2523 (October 26th, 2006 high) and 1.2748 (April 24th, 2006 high).
As the support at 1.2101 (November 20th low) was broken last session, the traders are now contemplating the next levels at 1.1943 (November 19th low) and 1.1763 (November 12th low).
Checking the graphics again, we see that the current price is over the 0.00% (0.9646) and under the 23.60% (1.4282) Fibonacci retracement line. The average volatility per hour is 150 pips. The 60-minute Relative Strenght Index (RSI) is at 43 points, rebounding from the oversold area.
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