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USD/CHF Price Analysis: Bears stay in control but are making hard work of it
Despite the slowing price growth in the Swiss economy that has limited the possibility of further rate hikes by the Swiss National Bank, USD/CHF is offered on the day and has fallen from a high of 0.8997 to a low of 0.8950. Markets are jittery ahead of Friday's Nonfarm Payrolls event and we have seen swings from top to bottom in the US Dollar on Thursday. This leaves a clouded technical outlook for the pair as the following will illustrate: chart From a longer-term viewpoint, USD/CHF is wedged between support and resistance leaning with a downside bias. chart There is a case of both bullish and bearish on the ... (full story)