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FxWirePro: USD/CHF holds well above 1.000 level, good to buy on dips

Ichimoku analysis (Hourly chart)

 

Tenken-Sen - 1.0064

 

Kijun-Sen- 1.0057

 

USDCHF was trading weak and lost more than 90 pips from high of 1.301283. The pair hits low of 1.00357 yesterday and shown a 40 pips recovery. It is currently trading around 1.00753. The global sell-off in stock market and slight short covering in USD is supporting Swiss Franc. But overall trend is still bullish as long as support 1.0020 holds .

 

The policy divergence between US Fed and SNB is also supporting USDCHF prices. The pair was trading slightly below 200 H MA and not able to hold below that level for a long time. Technically , near term support is around 1.0020 (20- day MA) and any violation below targets 1.000/0.9950. Short term weakness below 0.9950 level.

 

It is good to buy on dips around 1.0050 with SL around 1.0020 for the TP of 1.01250.

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February 15 21:00 UTC Released

UST Flows,Incl.Swaps

Actual

-66.6 Bln USD

Forecast

Previous

25.3 Bln USD

February 15 21:00 UTC Released

USOverall Net Capital Flows

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-33.1 Bln USD

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Previous

31 Bln USD

January 31 00:00 UTC 550434550434m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 550434550434m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 562254562254m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 550434550434m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 562254562254m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 550434550434m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 550434550434m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 550434550434m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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