Friday, November 29, 2013

Trade Idea: USD/CHF - Stand aside

The greenback has traded narrowly and further sideways trading is in store, however, a break of support at 0.9041 is needed to signal recent decline from 0.9251 has resumed and extend further weakness to 0.9024-28 (previous resistance and 61.8% Fibonacci retracement of 0.8890-0.9251), then towards psychological support at 0.9000



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