FX.co ★ Intraday analysis of USD/CHF for September 23, 2014

As of now this week, the pair made a double top at 0.9412 and is trading below 200WEma in the weekly chart. The US dollar is facing strong resistance at the level of $85. If this taken off, huge potential upside will appear. On the downside, the pair has support at 0.9380, below this some selling will take place towards the nearest support zone between 0.9330-0.93. If a daily close is below 0.93, bears will have an upper hand in the near-term future. The daily Stochastics is indicating a bullish sign.

For an intraday view, the pair is trading at 0.9393. The prices are trading between 35DEMA and 21hrsma. The pair will face some selling pressure below 0.9380 and towards 0.9360. Strong selling will emerge only below 0.9360 with downside targets at 0.9350, 0.9340, and 0.9330.

Fresh buy only above 0.9455 strong up move will take once it breach the 0.9455