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USD/CHF: Daily Outlook

  • USD/CHF is showing a weakness for the past 8 week and hits low of 0.92563. The pair formed temporary top around 1.00390 and declined almost 795 pips from that level. It is currently trading around 0.92785.  
     
  • Market is trading in narrow range and it eyes US non-farm roll data for further direction.
     
  • Technically in the hourly chart, the pair is trading slightly above hourly Tenkan-Sen at 0.92766 and jumped till 0.92936. The near term intraday resistance is around 0.9300 (hourly Kijun-Sen) and any break above targets 0.9320 (trend line resistance)/0.93765 (61.8% fibo)/0.945. Minor bullishness
    can be seen above 0.9450.
     
  • On the lower side, major support stands at 0.9250 and any break below will drag the pair to next level till 0.9200/0.9145.

It is good to buy on dips around 0.9265-70 with SL around 0.9245 for the TP of 0.9345/0.9380.

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May 24 15:00 UTC Released

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26 Bln USD

January 31 00:00 UTC 163908163908m

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2016 bln ARS

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January 31 00:00 UTC 163908163908m

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January 22 19:00 UTC 175728175728m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 163908163908m

ARAnnual Primary Balance*

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2016 bln ARS

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January 22 19:00 UTC 175728175728m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 163908163908m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 163908163908m

ARAnnual Primary Balance*

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2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 163908163908m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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