{"id":12109,"date":"2010-08-17T08:10:21","date_gmt":"2010-08-17T12:10:21","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12109"},"modified":"2010-08-17T08:10:21","modified_gmt":"2010-08-17T12:10:21","slug":"usdchf-testing-1-0420-resistance-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/08\/17\/usdchf-testing-1-0420-resistance-level\/","title":{"rendered":"USD\/CHF Testing 1.0420 Resistance Level"},"content":{"rendered":"<p><strong>By Yan Petters<\/strong> &#8211; For the past month, the USD\/CHF pair range-traded between the 1.0350  and the 1.0650 levels, without marking a clear trend. Currently, after  failing to drop below the 1.0350 level, the pair is testing the 1.0420  resistance level.<\/p>\n<p>\u2022 The chart below is the USD\/CHF 4-hour chart provided by ForexYard.<br \/>\n\u2022 The pair has recently failed to drop below the Fibonacci 0.0% retracement line, located at the 1.0350 level.<br \/>\n\u2022 At the moment, the pair is testing the 23.6% retracement line, located at the 1.0420 level.<br \/>\n\u2022 Technical analysis provides mixed signals at the moment, as the Slow <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Stochastic<\/a> and the <a href=\"http:\/\/www.forexyard.com\/en\/relative-strength-index-rsi\">RSI<\/a> suggest that the pair will rise further, whereas the <a href=\"http:\/\/www.forexyard.com\/en\/moving-average-convergence-divergence-macd\">MACD<\/a> continues to provide bearish signals.<br \/>\n\u2022 Nevertheless, if the pair will manage to breach through the 1.0420  resistance level, it has potential to rise towards the 38.2% line, which  is located at the 1.0465 level, and later on towards the 1.0500 level.<br \/>\n\u2022 If the pair will fail to cross the resistance level, it might drop back to the 1.0350 level.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/08\/USDCHF.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/08\/USDCHF.bmp\" alt=\"\" width=\"595\" height=\"572\" \/><\/a><\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                may not be suitable for   all            investors.       There    is  a              possibility           that             you   could       sustain a  loss   of  all     of       your                 investment and            therefore  you             should   not       invest        money  that   you              cannot    afford to            lose. You         should    be       aware  of        all       the     risks         associated     with       Foreign          Exchange         trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Yan Petters &#8211; For the past month, the USD\/CHF pair range-traded between the 1.0350 and the 1.0650 levels, without marking a clear trend. Currently, after failing to drop below the 1.0350 level, the pair is testing the 1.0420 resistance level. \u2022 The chart below is the USD\/CHF 4-hour chart provided by ForexYard. \u2022 The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/08\/17\/usdchf-testing-1-0420-resistance-level\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/CHF Testing 1.0420 Resistance Level&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-12109","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=12109"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12109\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}