USD/CHF fluctuates in a narrow channel

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Source: Dukascopy Bank SA
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Pair's Outlook
USD/CHF pair experienced a consolidation during the yesterday's trading session, when price was stuck on 0.9228 support level. As the price breached the lower Bollinger band line, together with RSI value of 35, it is very likely to see some correction impetus in this currency pair soon. A possible resistance level for that would be 0.9292.

Traders' Sentiment
USD/CHF pair keeps its bullish sentiments on SWFX market, as 74% traders have a long position and only 26% have shorted this currency pair. Pending orders segment shows slightly different figures, as 58% orders are for a long position and 42% for a short one.

© Dukascopy
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Actual Topics

Thu, 18 Oct 2012 11:29:25 GMT

EUR/AUD confronts 20-day SMA

Yesterday's bearish reaction managed to fully cover the bullish bar, which occurred a day before, therefore indicating for a possible short term trend reversal. Today the EUR/AUD currency pair experienced another movement downwards, and at the particular moment the currency couple confronts the 20-day SMA at 1.2595, which might slow down the prevailing tendency. In case it is broken, then

Thu, 18 Oct 2012 09:05:27 GMT

USD/JPY stays on upside track

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