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Forex: USD/CHF bouncing off lows, around 0.9440

FXstreet.com (Barcelona) - The benchmark cross for the risk aversion is now picking up pace on Friday after dipping to the proximities of 0.9420/25

According to I.Spivak, Currency Strategist at DailyFX, “Prices moved lower as expected after putting in a Bearish Dark Cloud Cover candlestick patter. Initial support has been found at 0.9382, a former resistance level, with prices now retesting a broken rising trend line now at 0.9516. A push above that aims for the March 14 high at 0.9529”.

At the moment, USD/CHF is down 0.31% at 0.9440 with the immediate support at 0.9418 (MA200d) ahead of 0.9413 (low Mar.20) and then 0.9390 (low Mar.18).
On the opposite side, a break above 0.9491 (high Mar.19) would target 0.9556 (Upper Bollinger) and finally 0.9567 (high Mar.14).

American equity markets rising Friday

The US Stock market experienced a higher opening Friday as the situation in Cyprus remains unsettled and investors look ahead for some matter of resolution. Beginning with the indices and composites, the NASDAQ rose +0.28% as it settles in region of 3231.10, up +8.98 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1550.05, ascending +4.25 points or +0.28% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 14474.02, presently +0.36% after a movement of +52.36 points.
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Forex: EUR/USD jumps to 1.3000 on soon-to-be bailout

The Cypriot ruling party is confident that the country will achieve a bailout deal within EU framework over the next hours. Such headline triggered a jump of the EUR/USD from 1.2950 to the 1.3000 psychological level.
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