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Forex: USD/CHF testing the 0.9500 level

FXstreet.com (Barcelona) - The USD/CHF has rallied higher during American trading Monday, establishing fresh intraday maximums at the 0.9500 level. Having moved on downtrodden remarks out of Cyprus, the pair is now operating +0.78% above its opening.

“Despite the recent jump however, the USD/CHF linear regression indicators are negative as the stochastic is showing positive signals; also the RSI is getting close to oversold areas. Therefore, we prefer to be neutral in our weekly report to see how the pair would react at 0.9375 levels.” recommends the ICN.com analyst team.

After breaking through resistance at 0.9453, Mataf.net analysts identify the next measures of correction at 0.9511, onto the 0.9548 mark. Conversely, the USD/CHF is slated to encounter calculated support at 0.9358, ahead of 0.9321, and ultimately 0.9263.

Forex Flash: NZD strategy profile – Westpac

According to Global FX Strategist Sean Callow at Westpac, “The NZD momentum is positive and should take the NZD/USD slightly higher to the 0.8380 level in the near-term. Beyond that, strength will depend on how Cyprus and local drought issues are resolved.”
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Forex Flash: 10-year US treasuries lower on Cyprus resolution – RBS

The market continues to see a 1.75% to 2.15% range in 10-year US Treasuries. According to the RBS Research Team, “Key resistance remains 2.15% in 10-years, while the near-term support is 1.83%. Our bias remains to modestly lower yields in the near-term, though confidence in our abilities to "all even minor moves in this environment are ebbing as the dominant rate trend remains sideways.”
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