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Forex: USD/CHF – Trading at the high of 0.9534 - Lining up for a triple top?

FXstreet.com (London) - The USD/CHF has extended its gains since yesterday's open at 0.9362 and has surged throughout Northern America, Asian and now round two of the London's session and above Nov 2012 highs 0.9517.

The greenback had strengthened across all major’s, triggered by comments from Fed’s non voting member Posser in favour of calling back QE3 next month. USD/CHF has breached the resistance level set by those highs seen in Nov 2012 on the charts and the pair now eyes up towards levels witnessed earlier on this year in March, where a high there was seen at 0.9568. A failure to break these highs and without a close above them would signal the long awaited triple top, wetting the apatite for those anticipating bears. At time of writing in the London open, the Swissie is now trading up at 0.9534 the high, so it seems traders are not done with this one yet, where else where, the market for the USD on some other majors is looking slightly overdone on profit taking opportunities. Support is seen on Pivot points and above the head and shoulders around the figure.

Forex: USD/CAD trading at session highs at 1.0091/93

The USD/CAD shot upwards during overnight trading yesterday – subsequently this movement was rounded out a robust opening Friday. During European trading, the cross is now trading at session highs, establishing a new figure of 1.0091/93 in these moments, en route to a +0.24% gain this far.
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Forex: NZD/USD plummets to session lows at 0.8338/42

An overnight attempt at the upside was capped at the 0.8420 level Friday, leaving the NZD/USD in absolute free-fall as it lost its grip on the 0.8400 level. This proved to be the least of its concerns, having now been driven towards support to fresh session lows at 0.8338/42 during European trading. At this juncture the cross is now incurring a loss of -0.67% off its opening.
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