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19 Aug 2013
USD/CHF is steady, supported by 0.9260 support line from Friday.
FXstreet.com (Barcelona) - USD/CHF is steady, supported by 0.9260 support line from Friday.
USD/CHF dropped over a big figure on Thursday and has been supported and oscillating in a tight range since. The pair eyes US FOMC minutes this week. The latest FOMC minutes from the US will be released on Wednesday evening and could shed some light on September tapering.
USD/CHF reaches 55 dma
Axel Rudolph, Senior Technical Analyst at Commerzbank said “Only a daily chart close above the next higher 0.9390 current August high will most likely mean that another up leg towards the 0.9753 July high is being made. Unexpected failure at last week’s 0.9175 low would push the June trough at 0.9130 back to the fore, however. We instead expect to see further strength in the days to come”.
USD/CHF dropped over a big figure on Thursday and has been supported and oscillating in a tight range since. The pair eyes US FOMC minutes this week. The latest FOMC minutes from the US will be released on Wednesday evening and could shed some light on September tapering.
USD/CHF reaches 55 dma
Axel Rudolph, Senior Technical Analyst at Commerzbank said “Only a daily chart close above the next higher 0.9390 current August high will most likely mean that another up leg towards the 0.9753 July high is being made. Unexpected failure at last week’s 0.9175 low would push the June trough at 0.9130 back to the fore, however. We instead expect to see further strength in the days to come”.