USD/CHF Technical Analysis: Flat-Lining at 0.93 Figure

| 16 juni, 2015 | 0 kommentarer

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Talking Points:

  • USD/CHF Technical Strategy: Flat
  • Support:0.9271, 0.9139, 0.9015
  • Resistance: 0.9314, 0.9543, 0.9659

The US Dollar declined against the Swiss Franc as expected after producing a bearish Evening Star candlestick pattern. A daily close below trend line support at 0.9271 exposes the 38.2% Fibonacci expansion at 0.9139. Alternatively, a push above a downward-sloping barrier at 0.9314 clears the way for a test of support-turned-resistance at 0.9543.

An actionable trade setup is absent at this point, arguing against committing to a directional bias on long or short side. We will continue to stand aside for now, waiting for a clear-cut trading opportunity to present itself in the days ahead.

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USD/CHF Technical Analysis: Flat-Lining at 0.93 Figure

— Written by Ilya Spivak, Currency Strategist for

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Kategori: Analys från DailyFX

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