Forex: USD/CHF falls to within sight of 0.9300 barrier

FXstreet.com (Barcelona) - The USD/CHF has slid back to within sight of the 0.9300 barrier following the SNB Governor Board Member Zurbrugg Speech Thursday. The pair is trading negatively, down -0.20% during European trading, and in these moments the cross has settled at 0.9309/11.

According to Gareth Berry, a Research Analyst at UBS, “Regarding the USD/CHF, the analysts maintain a bearish perspective as there is risk for extension of weakness, with support at 0.9207 ahead of 0.9150.”

“The USD/CHF rose sharply and is trading above 0.9295, weakening the Double Top Pattern’s affect. We cannot confirm ending the pattern’s affect now, so we will remain intraday today.” notes the ICN.com analyst team.