USD CHF maneuvers around the moving average 29/01/2013
Economies.com
2013-01-29 05:50AM UTC
The pair fluctuates around EMA50 and within tight range since yesterday, where the price remains above the previously breached bearish channel resistance.
In general, we still continuing in preferring the bearish trend on the intraday and short term basis, depending on the stability below 0.9400, pointing that Stochastic current positivity provides reasons for the difficulty of the waited decline which is targeting initially 0.9100.
Expected trading range for today is between: 0.9150 support and 0.9350 resistance.
Expected trend for today: Bearish
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