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16 Aug 2013
USD/CHF, short of breath?
FXstreet.com (Chicago) - USD/CHF stalls close to immediate support at 0.9262 as gains account for 0.02% within the past hour after impressive rally to erase earlier losses.
Price action reveals the pair is glued to apparently irresistible immediate support at 0.9262 (July 26th lows) ahead of 0.9237 (August 6th lows) and 0.9214 (June 18th highs). On the upside, resistances are aligned at 0.9286 (August 10th highs), 0.9310 (August 1st highs) followed by 0.9330 (August 2nd highs). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis.
According to the ICN technical analysis team, the pair rides a downward short term trend stable at levels 0.9775 targeting 0.8860.
Price action reveals the pair is glued to apparently irresistible immediate support at 0.9262 (July 26th lows) ahead of 0.9237 (August 6th lows) and 0.9214 (June 18th highs). On the upside, resistances are aligned at 0.9286 (August 10th highs), 0.9310 (August 1st highs) followed by 0.9330 (August 2nd highs). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis.
According to the ICN technical analysis team, the pair rides a downward short term trend stable at levels 0.9775 targeting 0.8860.