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15 Aug 2013
USD/CHF, smashed by the bears?
FXstreet.com (Chicago) - USD/CHF tops losers among major currency pairs accumulating 0.73% daily losses and dropping to 0.9248 intraday lows.
Price action reveals a strong bearish sentiment among market participants as the pair has been sent to new grounds within seconds. At 0.9259, the pair trades between supports at 0.9262 (June 16th highs), 0.9237 (August 6th lows) ahead of 0.9214 (August 10th lows) and resistances at 0.9286 (August 7th highs), 0.9310 (June 22nd lows) followed by 0.9330 (July 31st highs).
According to the FXstreet.com trend index the pair is slightly bearish on one-hour timeframe analysis with a MACD pointing down.
Price action reveals a strong bearish sentiment among market participants as the pair has been sent to new grounds within seconds. At 0.9259, the pair trades between supports at 0.9262 (June 16th highs), 0.9237 (August 6th lows) ahead of 0.9214 (August 10th lows) and resistances at 0.9286 (August 7th highs), 0.9310 (June 22nd lows) followed by 0.9330 (July 31st highs).
According to the FXstreet.com trend index the pair is slightly bearish on one-hour timeframe analysis with a MACD pointing down.