USD/CHF – Can US Dollar Break 0.9750 Vs Swiss Franc?

Key Highlights The US Dollar started an uptrend from the 0.9440 low against the Swiss Franc. There is a crucial contracting triangle forming with support at 0.9680 on the 4-hours chart of USD/CHF. The UBS Consumption Indicator in Switzerland for August 2017 rose from the last revised 1.46 to 1.53. The US Pending Home Sales figure will be released for August 2017, ...
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USD/CHF – US Dollar Downsides Limited By 0.9600 Vs Swiss Franc

Key Highlights The US Dollar is trading in a major range with resistance near 0.9765 and support at 0.9600 against the Swiss Franc. There is a crucial bullish trend line with support at 0.9600 forming on the 4-hours chart of USD/CHF. Swiss Trade Balance for July 2017 posted a trade surplus of 3511M, better than the last 2,880M. Today, the Housing Price Index for J...
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USD/CHF – US Dollar Upsides Capped By 0.9560 Vs Swiss Franc

Key Highlights The US Dollar after a strong decline towards 0.9440 against the Swiss Franc started a recovery. There is a crucial bearish trend line with resistance at 0.9560-70 forming on the 4-hours chart of USD/CHF. Today in Switzerland, the UBS Consumption Indicator for June 2017 released by UBS posted a rise from the last revised reading of 1.32 to 1.38. Late...
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USD/CHF – US Dollar Positioning For Upside Break Vs Swiss Franc

Key Highlights The US Dollar has recovered well from the 0.9600-20 support against the Swiss Franc. The USD/CHF pair needs to break a major bearish trend line at 0.9760 to initiate an uptrend. Today in the US, the Existing Home Sales for May 2017 will be released, which is forecasted to decline by 0.5%, less than the last -2.3%. Recently, the US Current Account fo...
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USD/CHF – Can US Dollar Gain Momentum Vs Swiss Franc?

Key Highlights The US Dollar after a continuous slide against the Swiss Franc found support near 0.9600. The USD/CHF pair recently broke a major bearish trend line formed on the 4-hours chart at 0.9660. Recently in Canada, the Housing Starts for May 2017 released by the Canadian Mortgage and Housing Corporation posted 194.7K, versus the forecast of 205K. In the US...
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USD/CHF – Can US Dollar Recover Above 0.9800 Vs Swiss Franc?

Key Highlights The US Dollar faced a lot of selling pressure during the past few days and declined below 0.9800 vs the Swiss Franc. The USD/CHF pair made a major top on 11th May 2017 above 1.0080 and started a bear trend. The pair traded as low as 0.9690, and started correcting higher. Today, the US Initial Jobless Claims (May 19, 2017) will be released by the US ...
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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 – 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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