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3 Oct 2013
USD/CHF bouncing off from 0.8967 lows
FXstreet.com (Chicago) - USD/CHF extends bullish channel after bouncing off 0.8967 lows ahead of Wall Street’s closing.
Accumulating 0.35% daily losses so far, price action reveals primary and secondary trends pointing down. Trading below the EMA20, market participants digest mixed job market data ahead of non-NFP data releases due to continuing US government shutdown.
USD/CHF Technical Levels
Supports are set at 0.8964, 0.8932, 0.8892
Resistances: 0.9038, 0.9077, 0.9128
FXstreet.com trend index: strongly bearish on one-hour timeframe analysis.
Accumulating 0.35% daily losses so far, price action reveals primary and secondary trends pointing down. Trading below the EMA20, market participants digest mixed job market data ahead of non-NFP data releases due to continuing US government shutdown.
USD/CHF Technical Levels
Supports are set at 0.8964, 0.8932, 0.8892
Resistances: 0.9038, 0.9077, 0.9128
FXstreet.com trend index: strongly bearish on one-hour timeframe analysis.