Forex: USD/CHF jumps above 0.9400 on risk aversion
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USD/CHF
FXstreet.com (San Francisco) - The Dollar is trading higher today on the back of risk aversion across the market. Against the Swissy the USD has gained 70 pips from 0.9345 traded in the European session to jumps above 0.9400 and reach highest level since Oct 1st at 0.9415.
Currently the USDCHF is trading at 0.9405, 0.80% above today's opening price action. "With positive hourly studies that started to point higher and 4h indicators emerging above the centrelines, break and close above 0.9400 would be a good signal for further extension higher," comments Slobodan Drvenica from Windsor Brokers. "Only break below day's low at 0.9320, would delay bulls."
Currently the USDCHF is trading at 0.9405, 0.80% above today's opening price action. "With positive hourly studies that started to point higher and 4h indicators emerging above the centrelines, break and close above 0.9400 would be a good signal for further extension higher," comments Slobodan Drvenica from Windsor Brokers. "Only break below day's low at 0.9320, would delay bulls."
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