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For the 24 hours to 23:00 GMT, the USD declined 0.43% against the CHF and closed at 0.9555.
In the Asian session, at GMT0300, the pair is trading at 0.9565, with the USD trading 0.1% higher against the CHF from yesterday’s close.
The pair is expected to find support at 0.9546, and a fall through could take it to the next support level of 0.9527. The pair is expected to find its first resistance at 0.9591, and a rise through could take it to the next resistance level of 0.9617.
Ahead in the day, Switzerland’s KOF leading indicator data for June, slated to release in a few hours, will pique investor attention.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
Bearish: Currently we are at 1.2438 in a channel. We are looking to continue to the ATR target @ 1.2394 with a further target the 0.618 Fibo @ 1.2349. ...
The EUR/USD pair rose to 1.0707 on Wednesday, driven by increased local risk appetite and the belief that the currency was significantly oversold against the US dollar. This...
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