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11 Sep 2013
USD/CHF continues to shed gains
FXstreet.com (Lisbon) - The USD/CHF technical pair has been relegated to one movement in recent minutes during European trading, continuing its decline off earlier highs at 0.9372.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “After touching levels close to 0.9300 yesterday, the USD/CHF rebounded sharply to the upside proving that the upside move might extend. The pair has to breach 0.9380 levels and stabilize above it in order to extend positivity. Anyhow, trading above 0.9290 is now positive.”
USD/CHF technical levels
The USD/CHF is presently notching tepid gains of +0.07% above its opening Wednesday, with the pair now trading at the 0.9354 region despite recent easing. In terms of the technical levels, the USD/CHF still looks to point higher and figures to face resistance at 0.9369, onto 0.9394, and 0.9420, calculates the Mataf.net Analyst team.
USD/CHF strategic bias
According to the Technical Analyst Team at ICN.com, “After touching levels close to 0.9300 yesterday, the USD/CHF rebounded sharply to the upside proving that the upside move might extend. The pair has to breach 0.9380 levels and stabilize above it in order to extend positivity. Anyhow, trading above 0.9290 is now positive.”
USD/CHF technical levels
The USD/CHF is presently notching tepid gains of +0.07% above its opening Wednesday, with the pair now trading at the 0.9354 region despite recent easing. In terms of the technical levels, the USD/CHF still looks to point higher and figures to face resistance at 0.9369, onto 0.9394, and 0.9420, calculates the Mataf.net Analyst team.