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USD/CHF trading negatively at 0.9679/84

FXstreet.com (Barcelona) - The USD/CHF fell hard off the 0.9710 plateau during the overnight session, driving the pair into negative territory for the second straight day.

In these moments however, the pair is still incurring a slight loss of -0.07% Friday during European trading, whilst settling in the region of 0.9679/84. Mataf.net technical analysts identify the next short-term supports for the USD/CHF at 0.9261, followed by 0.9535, and 0.9437. Conversely, the pair is set to face calculated resistance at 0.9805, then 0.9903, and ultimately 0.9989.

“The USD/CHF dropped sharply confirming the bearish harmonic Butterfly Pattern. The referred to pattern targets levels 0.9610 as the first suggested target, and as long as the pair intraday stabled below 0.9770 we will hold on to our negative expectations.” warns the ICN.com Technical Analyst team.

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