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5 Aug 2013
USD/CHF stands on drifting sand
FXstreet.com (Chicago) - USD/CHF continued drifting down at closing bell in Wall Street.
Price action indicated inconclusive support levels as the pair continued to decline to accumulate 0.11% daily losses as the American trading session came to an end. Despite the release of positive data reflected by the ISM non-manufacturing index at 56.0 vs. previous 52.2, the greenback gave in ground against the Swissy.
USD/CHF Technical Levels
Technically speaking, the pair traded at 0.9281, between supports at 0.9278 (July 30 lows), 0.9261 (July 26 lows), 0.9240 (June 20 lows) and resistances at 0.9310 (June 25 lows), 0.9356 (June 19 highs), 0.9412 (July 22 highs). On one-hour timeframe analysis, the FXstreet trend index reported pair as slightly bearish as MACD, CCI and price trading below short and long term moving averages, revealed a downward trend.
Price action indicated inconclusive support levels as the pair continued to decline to accumulate 0.11% daily losses as the American trading session came to an end. Despite the release of positive data reflected by the ISM non-manufacturing index at 56.0 vs. previous 52.2, the greenback gave in ground against the Swissy.
USD/CHF Technical Levels
Technically speaking, the pair traded at 0.9281, between supports at 0.9278 (July 30 lows), 0.9261 (July 26 lows), 0.9240 (June 20 lows) and resistances at 0.9310 (June 25 lows), 0.9356 (June 19 highs), 0.9412 (July 22 highs). On one-hour timeframe analysis, the FXstreet trend index reported pair as slightly bearish as MACD, CCI and price trading below short and long term moving averages, revealed a downward trend.