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4 Apr 2013
Forex: USD/CHF sideways trading at 0.9446/50
FXstreet.com (Barcelona) - A USD/CHF has traded sideways following a furious rally during the afternoon of American trading Wednesday. In these moments the cross is operating at 0.9446/50, incurring a marginal loss of -0.04%.
Regarding a movement lower, supports for the USD/CHF will activate should the pair reach 0.9421 onto 0.9392 and ultimately 0.9342. On the ascension, Mataf.net analysts point to corrective measures of resistance at 0.9500, then 0.9550, and 0.9579.
“Comments from ECB President Draghi reiterating that the commitment to the euro is "vastly under-estimated" has helped the euro claw back its earlier losses entirely and a move above $1.2855, especially on a close basis, would be a very constructive technical development”, argued Marc Chandler, Strategist at Brown Brothers Harriman.
Regarding a movement lower, supports for the USD/CHF will activate should the pair reach 0.9421 onto 0.9392 and ultimately 0.9342. On the ascension, Mataf.net analysts point to corrective measures of resistance at 0.9500, then 0.9550, and 0.9579.
“Comments from ECB President Draghi reiterating that the commitment to the euro is "vastly under-estimated" has helped the euro claw back its earlier losses entirely and a move above $1.2855, especially on a close basis, would be a very constructive technical development”, argued Marc Chandler, Strategist at Brown Brothers Harriman.