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9 Sep 2013
USD/CHF bouncing modestly ahead of data following bearish reversal Friday
FXstreet.com (Barcelona) - The USD/CHF posted a bearish reversal candle after the weak US jobs report. The Swiss unemployment figures due out shortly will drive the action Monday, though.
USD/CHF waiting on Monday’s Swiss data for direction
The monthly read on Swiss unemployment as well as Swiss retail sales figures due out later today will determine the short-term direction of the USD/CHF cross.
Technical take on USD/CHF
Technicians say that important support for USD/CHF comes in at the 8/28 close of 0.9287. Resistance comes in at Friday’s high of 0.9455. The real upside target based on Elliott Wave count may be as high as 0.9500.
USD/CHF waiting on Monday’s Swiss data for direction
The monthly read on Swiss unemployment as well as Swiss retail sales figures due out later today will determine the short-term direction of the USD/CHF cross.
Technical take on USD/CHF
Technicians say that important support for USD/CHF comes in at the 8/28 close of 0.9287. Resistance comes in at Friday’s high of 0.9455. The real upside target based on Elliott Wave count may be as high as 0.9500.