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31 Oct 2013
USD/CHF limited at 1.9070; up +80 pips
FXstreet.com (Chicago) - USD/CHF consolidates the 0.9060 front after gaining over 80 pips today on weak job market results.
Ahead of Wall Street’s closing, the pair is held up by bulls who after fueling to gain 0.67% so far today, finish digesting weak job market results, suggesting tapering won’t happen anytime soon as confirmed yesterday on Fed’s declarations.
USD/CHF Technical Levels
Technically speaking, the pair finds limits around the immediate resistance at 0.9065. Respecting the upward trendline and extending the bullish channel that started last October 25th, the pair is offered at 0.9059 and oscillates between the supports aligned at 0.9036 (October 22nd highs), 0.90 (October 18th lows) ahead of 0.8966 (October 25th highs) and the resistances set at 0.9065 (October 14th lows), 0.9091 (October 15th lows) followed by 0.9131 (October 11th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
Ahead of Wall Street’s closing, the pair is held up by bulls who after fueling to gain 0.67% so far today, finish digesting weak job market results, suggesting tapering won’t happen anytime soon as confirmed yesterday on Fed’s declarations.
USD/CHF Technical Levels
Technically speaking, the pair finds limits around the immediate resistance at 0.9065. Respecting the upward trendline and extending the bullish channel that started last October 25th, the pair is offered at 0.9059 and oscillates between the supports aligned at 0.9036 (October 22nd highs), 0.90 (October 18th lows) ahead of 0.8966 (October 25th highs) and the resistances set at 0.9065 (October 14th lows), 0.9091 (October 15th lows) followed by 0.9131 (October 11th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.