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17 Oct 2014
USD/CHF with support at 0.9400
FXStreet (Córdoba) - The Swiss franc is falling modestly against the US dollar on Friday, but still up for the week. USD/CHF is trading 130 pips below where it was a week ago.
On Friday the pair is moving sideways, trading around 0.9430. During the European session weakened and declined but the 0.9400 area, capped the downside and rebounded. To the upside, USD/CHf has an important short term resistance located at 0.9450.
USD/CHF second weekly decline in a row
For the first time since June the pair is about to post the second weekly decline in a row, as it continues to retreat after approaching to 0.9700 last week. Price continues to move with a corrective mode, but the main trend is still bullish.
On Friday the pair is moving sideways, trading around 0.9430. During the European session weakened and declined but the 0.9400 area, capped the downside and rebounded. To the upside, USD/CHf has an important short term resistance located at 0.9450.
USD/CHF second weekly decline in a row
For the first time since June the pair is about to post the second weekly decline in a row, as it continues to retreat after approaching to 0.9700 last week. Price continues to move with a corrective mode, but the main trend is still bullish.