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Forex: USD/CHF extends decline towards the 0.9150 zone

By FXstreet.com,  January 10, 2013, 11:33:00 AM EDT

FXstreet.com (San Francisco) - The Dollar's decline against the Swiss Franc from 0.9260 area has continued in the latest few hours with the USD/CHF breaking down the 0.9200 support and trading close to the 0.9150 area at 0.9155.

The USD/CHF is currently pricing at 0.9160, 1.0% below opening price action. The FXstreet.com Trend Index is "Slightly Bearish." IN the 15-minute timeframe, the Stochastic points buy but the MACD, CCI and Momentum show Sell signals.

Next supports are at 0.9150, 0.9120 and 0.9100. Resistances are at 0.9200, the 200 hours MA at 0.9210 and the 0.9250.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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