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11 Jun 2013
USD/CHF careens towards fresh session lows
FXstreet.com (New York) - The USD/CHF recovery was stonewalled at the 0.9300 barrier, failing to stabilize the pair and leading to the establishment of fresh intraday lows during US trading.
USD/CHF still bolstered by support at 0.9207
Briefing the technicals, the pair is incurring a robust loss of -1.05% in these moments at 0.9237/39 Tuesday. “The USD/CHF is consolidating and unwinding the overextended downside conditions of this month. Resistance should hold at 0.9460, while support is at 0.9207.” recommends Gareth Berry, a Research Analyst at UBS.
USD/CHF faces bearishness after fall below 0.9375
According to the Technical Analyst Team at ICN.com, “The USD/CHF dropped sharply Tuesday, trading again below the broken bullish key support and below 0.9375 might extend bearishness. Moreover, linear regression indicators support these negative expectations.”
USD/CHF still bolstered by support at 0.9207
Briefing the technicals, the pair is incurring a robust loss of -1.05% in these moments at 0.9237/39 Tuesday. “The USD/CHF is consolidating and unwinding the overextended downside conditions of this month. Resistance should hold at 0.9460, while support is at 0.9207.” recommends Gareth Berry, a Research Analyst at UBS.
USD/CHF faces bearishness after fall below 0.9375
According to the Technical Analyst Team at ICN.com, “The USD/CHF dropped sharply Tuesday, trading again below the broken bullish key support and below 0.9375 might extend bearishness. Moreover, linear regression indicators support these negative expectations.”