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23 Apr 2015
USD/CHF: 9750 is the next ST resistance - 2ndSkies
FXStreet (Bali) - According to Chris Capre, Founder at 2ndSkies, the area 0.9750 is the next ST resistance level for USD/CHF which may seem some offers and profit taking.
Key Quotes
"Yesterday and in previous commentaries, we've talked about buying off the key support level at 9500."
"Today the pair literally had a low of 95003 so about as perfect as you can get."
"9750 is the next ST resistance level which may seem some offers and profit taking."
"If we clear this, then a test of 9824 is on deck. For now, only a daily close below the 95 key level negates the range structure and ST bullish bias."
Key Quotes
"Yesterday and in previous commentaries, we've talked about buying off the key support level at 9500."
"Today the pair literally had a low of 95003 so about as perfect as you can get."
"9750 is the next ST resistance level which may seem some offers and profit taking."
"If we clear this, then a test of 9824 is on deck. For now, only a daily close below the 95 key level negates the range structure and ST bullish bias."