The Dollar's advance against the Swiss Franc that take the pair from 1.0585, intra-day low, to test Fridat high at 1.0460 has been capped at this level, with the USD/CHF retreating to levels close to 1.0620, just below 200 hours moving average at 1.0630.
USD/CHF rises 0.17% so far today from opening price action at 1.0610 to the current 1.0630.
"The Daily Trend was within the Prior Day's Range and the Bulls gave up mildly towards the Close . The Hourly Trend has been in a Range Trading with no Clear Direction, 10570-30 are the Critical levels to watch to maintain the Bullish Outlook." Says Rajoo C, analyst at Precise Trader, "On the 5 min is along the Horizontal Channel and the Patterns are suggesting a Choppy Session until the break. The Opening Price Principles are Mixed so Cautious approach is needed until the break out of the Zone 1 level." Rajoo concludes.
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