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USD/CHF Analysis and News

USDCHF continues to trade higher with the price action taking out the recent top at the 0.9750 level.

USDCHF did experience a minor pull back into the 0.9800 support area.

However it would appear that the price action has stabilized and has once again resumed its upward momentum with a target being at least Fridays high at the 0.9835 /0.9850 area.

Alternatively USDCHF fails to hold above this mornings low could see a move down to the 0.9750 level.

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9600 level.

USD/CHF Chart

usdchf chart 2015

Source: ACFX Broker

 

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