Forex: USD/CHF capped at 0.9500 level

FXstreet.com (Barcelona) - The USD/CHF has made repeated attempts at overtaking the 0.9500 level Tuesday during American trading. Having peaked briefly at 0.9507 (intraday maximum), the cross is now trading within range of 0.9500 at 0.9489/90 in these moments, notching a marginal gain of +0.01%.

ICN.com analysts point to resistances at 0.9495, onto 0.9515, and finally 0.9570. Conversely, a movement below its opening and a subsequent move to the downside will result in USD/CHF testing calculated support at 0.9455, ahead of 0.9425, and 0.9400.

“The USD/CHF is trading close to key support of the ascending channel broken earlier; therefore we prefer to stay neutral today to see the pair around 0.9495 levels.” notes the ICN.com analyst team.