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Forex pairs in this Article » USD/CHF
FXstreet.com (New York) - The USD/CHF technical pair took a tumble Tuesday, bottoming out at 0.9147 during US trading (session low).

Despite having risen off its lows, the USD/CHF has yet to regain the 0.9200 region, and is now settling at 0.9174 to the tune of a staunch -0.70% loss thus far. Briefing the technicals, the USD/CHF remains fortified by support at 0.9175, ahead of 0.9140, notes the Danske Research Team (previous supports at 0.9217 and 0.9191 were broken).

USD/CHF strategic bias

According to the Technical Analyst Team at ICN.com, “The USD/CHF dropped sharply and is trading below 88.6% correction at 0.9200. Stability below the referred to level shows the possibility of further downside rally during the U.S. session today. Linear Regression Indicators support our expectations, while RSI is still moving negatively despite entering oversold areas.”
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