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14 May 2013
Forex: USD/CHF – oscillating 0.9565/90
FXstreet.com (London) - The Swissie has been oscillating in the higher bracket of the recent range between 0.9520 and 0.9590 this afternoon in the European session.
The pair requires closes above 0.9475, which was last weeks consolidation zone, if it is going to be able to hang in there and attract even further bids in an already overbought market with momentum signals pointing towards this. The pair is targeting 0.9590/95 and then 0.9630 as down side moves are evidentially limited in the a descending channel above 0.9495.
The pair requires closes above 0.9475, which was last weeks consolidation zone, if it is going to be able to hang in there and attract even further bids in an already overbought market with momentum signals pointing towards this. The pair is targeting 0.9590/95 and then 0.9630 as down side moves are evidentially limited in the a descending channel above 0.9495.