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Forex: USD/CHF upside capped at 0.9314

By FXstreet.com,  October 06, 2011, 05:56:00 AM EDT

FXstreet.com (Barcelona) - The pair, after an attempted recovery from the 0.9218 area, was capped at the 0.9314 area (latest daily high), where has began a negative short term bias that leads to quotes, at the moment of writing, at 0.9243.

According to the technical analysis, following Jesús Ángel Benito, analyst at Forexindices.com, on a downside focus, the cross shows an immediate support that lies at 0.9234, and below of this, the next is quoted at 0.9179 while the following support level lies at 0.9142.

On an upside perspective, watched resistance levels are located at 0.9254, above here the next one is located at 0.9290, and regaining this last, the pair might lead to the next resistance zone at 0.9340.




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

Referenced Stocks:



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