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17 Jun 2013
USD/CHF continues to ease off highs
FXstreet.com (New York) - The USD/CHF technical pair has continued easing lower during US trading, having originally traded in the heights of 0.9251 earlier today.
USD/CHF faces bearish intraday outlook
Presently, the USD/CHF is still advancing at a rate of +0.10% above its opening Monday, having settled at 0.9227. “The USD/CHF posted a new low on Friday and there is no major support until 0.9022. Upside should be limited with resistance at 0.9309, indicating a bearish intraday outlook.” warns Gareth Berry, a Research Analyst at UBS.
USD/CHF bearish wave prevalent below 0.9205
According to the Technical Analyst Team at ICN.com, “The USD/CHF stabilized below the ascending support connecting A with B of the bearish harmonic pattern. Ultimately however, stability below the 0.9340 level keeps the negative possibility this week, but the pair has to stabilize below 0.9205 to trigger the bearish wave.”
USD/CHF faces bearish intraday outlook
Presently, the USD/CHF is still advancing at a rate of +0.10% above its opening Monday, having settled at 0.9227. “The USD/CHF posted a new low on Friday and there is no major support until 0.9022. Upside should be limited with resistance at 0.9309, indicating a bearish intraday outlook.” warns Gareth Berry, a Research Analyst at UBS.
USD/CHF bearish wave prevalent below 0.9205
According to the Technical Analyst Team at ICN.com, “The USD/CHF stabilized below the ascending support connecting A with B of the bearish harmonic pattern. Ultimately however, stability below the 0.9340 level keeps the negative possibility this week, but the pair has to stabilize below 0.9205 to trigger the bearish wave.”