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23 Sep 2014
USD/CHF finds support at 0.9350
FXStreet (Córdoba) - After being unable to break above 0.9400, USD/CHF retreated and dropped further during the European session. The pair bottomed at 0.9353, reaching the lowest price since last Friday but then bounced back to the upside, trimming losses.
Since the beginning of the American session Greenback gained momentum across the board and pushed the pair to the upside. Recently reached 0.9392 and price remains near session highs.
USD/CHF consolidating above 0.9300 but…
On a wider perspective, price action continues to move sideways around 0.9380, making higher lows and lower highs. The main trend remains bullish but so far it has been unable to consolidate or rally above 0.9400. While to the downside, the area on top off 0.9300 has become an important support.
Since the beginning of the American session Greenback gained momentum across the board and pushed the pair to the upside. Recently reached 0.9392 and price remains near session highs.
USD/CHF consolidating above 0.9300 but…
On a wider perspective, price action continues to move sideways around 0.9380, making higher lows and lower highs. The main trend remains bullish but so far it has been unable to consolidate or rally above 0.9400. While to the downside, the area on top off 0.9300 has become an important support.