USD/CHF surfing flat waves around 0.91

FXstreet.com (Chicago) - USD/CHF continues a parallel movement in the afternoon of the American session. After bouncing from minimum daily on 0.9083, the pair has managed to return above the area in 0.91.

Speeches and results

The President of the Swiss National Bank highlighted and recalled by importing it from the Swiss economic Institute KOF, in its 75 year anniversary in statements early while market participants had to digest the worst results of the anticipated in United States.

USD/CHF technical standards

Price action reveals the extent of parallel channel after the fall from the zone in 0.93 last Wednesday after the Fed and FOMC announcements. With primary and secondary downward trends, the pair recorded in 0.9083 minimums and maximums in 0.9131. Offered in 0.9108, torque ranges below support at 0.9091 (December 31st 2012 min) followed by 0.9058 (February 7th min) and 0.9019 (January 30th min). The heating elements are aligned in 0.9126 (June 10th min), 0.9168 (August 17th min) followed by 0.9217 (September 13th min). According to the trend of FXstreet.com index, the pair is highly downwards in hour-long time below the EMA20.