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"The Congress approved extending lower Bush-era tax rates to all but the nation's wealthiest households in a budget deal that stopped automatic implementation of $600 billion in spending cuts and tax increases"
- Reuters
Pair's Outlook
USD/CHF starts a new year with a sharp depreciation, as the price retests the lower boundary of the channel at 0.9105 commenced in September, 2012. The current situation is equivocal, as the currency pair demonstrates intentions to step lower, though the market does not show any strong bias for such a scenario, and the top analysts forecast the price in a 0.95 region in first quarter of 2013.
Traders' Sentiment
Bulls completely dominate USD/CHF pair in SWFX market, since the sell side has only 14% of positions and the buy side has 86%. Pending orders' market exhibits solidarity with the spot market, as 87% of orders are buy and 13% of them are sell.
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