USDCHF – Dollar Breaks Monster Resistance Vs Swiss Franc

USDCHF – Dollar Breaks Monster Resistance Vs Swiss Franc Key Highlights The US Dollar gained heavy bids lately against the Swiss Franc, and traded above 0.9980. There was a monster resistance at 0.9950-80, which was broken by USDCHF during the recent upside. Today, the US Consumer Price Index will be released by the US Bureau of Labor Statistics, which is forecast...
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USDCHF – Dollar Awaits NFP Report For Possible Recovery

USDCHF – Dollar Awaits NFP Report For Possible Recovery Key Highlights The US Dollar declined heavily this week against the Swiss Franc, and traded below 0.9800. The USDCHF pair also broke a couple of important bullish trend lines on the 4-hours chart to initiate a downside move below 0.9800. Today in the US, the nonfarm payrolls will be released by the US Departm...
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USDCHF – Can US Dollar Sellers Continue Current Momentum?

USDCHF – Can US Dollar Sellers Continue Current Momentum? Key Highlights US Dollar recently struggled against the Swiss Franc, and it looks like sellers have an upper hand at the moment. There is a major bullish trend line formed on the 4-hours chart of USDCHF, which remains at a risk due to the recent downside move. Today, the US Consumer Price Index figure will ...
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USDCHF – US Dollar Awaits NFP Report For A Breakout

Key Highlights The US dollar gained heavily after the recent comments from the Fed Chairwoman Janet Yellen. The USDCHF pair is trading higher and currently heading towards a major bearish trend line on the daily chart. Today in the US, the nonfarm payrolls report will be released by the US Department of Labor. The forecast is slated for a rise of 180K in August 20...
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USDCHF – Can US Dollar Break 1.00 Once Again?

USDCHF – Can US Dollar Break 1.00 Once Again? Key Highlights US dollar is an uptrend vs the Swiss franc, and there lies a possibility of a move above the 1.00 handle. The USDCHF pair broke a major bearish trend line formed on the daily chart to open the doors for more gains. In the US, the Gross Domestic Product Annualized will be released by the US Bureau of Econ...
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USDCHF – US Dollar Looking For Break Higher?

USDCHF – US Dollar Looking For Break Higher? Key Highlights             US Dollar is trading with a bullish tone against the Swiss Franc and possibly setting up for an upside break. There is a major resistance area formed near 0.9680, which can be seen as a short term breakout area. Today, the US Industrial Production will be released by the Board of Gov...
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USDCHF – Swiss Franc Continues To Gain Traction

USDCHF – Swiss Franc Continues To Gain Traction Key Highlights             US Dollar struggled against the Swiss Franc, and traded down below the 0.9700 support area. There was a major support trend line formed on the 4-hours chart of USDCHF, which was broken to clear the way for more losses. In the US, the Consumer Confidence released by the Conference ...
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USDCHF Eyes Fed’s Yellen For Next Move

USDCHF Eyes Fed's Yellen For Next Move Key Highlights             US Dollar declined heavily against the Swiss Franc this week and even moved below the 0.9900-0.9800 support area. There was a support trend line formed on the daily chart, which was broken during the downside drift. Today, there is a major event in the US, as Fed's Yellen will testify that c...
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USDCHF – Important Trend Line Resistance

USDCHF – Important Trend Line Resistance Key Highlights             US Dollar failed to trade above the 0.9940-50 resistance area and moved lower against the Swiss Franc. There is a major bearish trend line and resistance zone formed on the hourly chart for the USDCHF pair. Today, the US Initial Jobless Claims will be released by the US Department of Lab...
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USDCHF – The Big Picture, Support at 0.9750-9800

USDCHF – The Big Picture, Support at 0.9750-9800 Key Highlights             US Dollar lost a lot of ground recently and traded lower against the Swiss franc. Looking at the daily chart of the USDCHF pair, there is a monster support around the 0.9750-0.9800 area. US Monthly Budget Statement released by the Financial Management Service posted a reading of ...
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