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9 Aug 2013
USD/CHF dips below immediate support
FXstreet.com (Chicago) - USD/CHF cracked below support at 0.9224 (June 12th highs) at closing of the American trading session.
Price action evidence a tentative rally exhaustion as the pair stalled in the afternoon of Friday’s session. In the US, the stock markets closed in red with the Dow down 0.47%, the Nasdaq down 0.25% and the S&P down 0.36%.
Violating immediate support at 0.9224 (June 12th highs), the pair traded at 0.9222 still above 0.92 (June 18th highs) and 0.9176 (June 17th lows). On the upside, resistances were aligned at 0.9237 (June 14th highs), 0.9348 (August 6th lows) and 0.9255 (June 13th highs).
Price action evidence a tentative rally exhaustion as the pair stalled in the afternoon of Friday’s session. In the US, the stock markets closed in red with the Dow down 0.47%, the Nasdaq down 0.25% and the S&P down 0.36%.
Violating immediate support at 0.9224 (June 12th highs), the pair traded at 0.9222 still above 0.92 (June 18th highs) and 0.9176 (June 17th lows). On the upside, resistances were aligned at 0.9237 (June 14th highs), 0.9348 (August 6th lows) and 0.9255 (June 13th highs).