. USD/CHF - 0.9180... The greenback also fluctuated wildly y'day due to the
intra-day roller-coaster movements in eur/usd. Despite initial weakness to
0.9131 in early Asian trading, weakness in euro lifted price to 0.9184 b4 coming
off briefly but sharply to 0.9139 on euro-supportive comments by Chinese premier
Wen, dlr later rallied to a session high at 0.9207 on renewed euro's weakness
but only to tank to 0.9136 due to Fed President Bernanke's dovish statements.
. Looking at the daily chart, despite the volatile price action fm Monday's
near 2-month low at 0.9114 (NZ), unless dlr can close abv 0.9250 (reaction high)
, then recent decline fm Jan's top at 0.9594 shud head twd daily chart obj. at
0.9067, break there wud bring stronger retracement to 0.8875, being a 'minimum'
38.2% r of the MT intermediate rise fm 0.7711-0.9594. A rise abv 0.9250 wud con-
firm aforesaid fall fm 0.9594 has made a temp. low, then gain to 0.9291 (38% r
of 0.9575-0.9114) is expected, however, reckon 0.9340/45 shud cap dlr's upside.
. Today, range trading is in store ahead of release of U.S. NFP n as long
as 0.9136/39 holds, upside bias remains. Abv 0.9207 wud extend twd 0.9240/50.
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