Forex: USD/CHF trading positively at 0.9151/54
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USD/CHF
FXstreet.com (Barcelona) - The USDCHF has been one of todays more active trades, ranging nearly 40 pips Monday (0.9120 daily minimum, 0.9162 daily maximum). During a day that includes relatively muted trading, the pair has presently eased off of session highs and is trading at 0.9151/54 at the time of writing.
According to the Kshitij Consultancy Services Team, "In the coming weeks there is still a possibility the USDCHF rising towards 0.9260 if it breaks the 0.9080-180 range on the upside. Having said that, the bigger trend remains bearish and we expect it to eventually move lower towards 0.9000."
At the time of writing, the cross has secured an advance of +0.23% on the day. Briefing the technical levels, Mataf.net analysts point to resistive measures at 0.9164, followed by 0.9204, onto 0.9228. Conversely, a break below 0.9100 will initiate supports at 0.9076 and eventually 0.9036.
According to the Kshitij Consultancy Services Team, "In the coming weeks there is still a possibility the USDCHF rising towards 0.9260 if it breaks the 0.9080-180 range on the upside. Having said that, the bigger trend remains bearish and we expect it to eventually move lower towards 0.9000."
At the time of writing, the cross has secured an advance of +0.23% on the day. Briefing the technical levels, Mataf.net analysts point to resistive measures at 0.9164, followed by 0.9204, onto 0.9228. Conversely, a break below 0.9100 will initiate supports at 0.9076 and eventually 0.9036.
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