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14 Nov 2013
USD/CHF consolidates reversal above 0.9160
FXstreet.com (Chicago) - USD/CHF consolidates a reversal after bouncing off 0.9124 session lows.
Job market results in the US were worse than expected supposing no tapering will take place any time soon. Advancing 0.19% so far, primary and secondary trends diverge on longer-term timeframe analysis.
USD/CHF Technical Levels
Technically speaking, the pair is offered at 0.9157 and oscillates between the supports aligned a 0.9147 (November 8th lows), 0.9121 (November 13th lows) ahead of 0.9090 (November 4th lows) and the resistances aligned at 0.9187 (November 11th lows), 0.9223 (November 12th highs) ahead of 0.9247 (November 8th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis oscillating below the EMA20.
Job market results in the US were worse than expected supposing no tapering will take place any time soon. Advancing 0.19% so far, primary and secondary trends diverge on longer-term timeframe analysis.
USD/CHF Technical Levels
Technically speaking, the pair is offered at 0.9157 and oscillates between the supports aligned a 0.9147 (November 8th lows), 0.9121 (November 13th lows) ahead of 0.9090 (November 4th lows) and the resistances aligned at 0.9187 (November 11th lows), 0.9223 (November 12th highs) ahead of 0.9247 (November 8th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis oscillating below the EMA20.