Friday, March 28, 2014

Trade Idea: USD/CHF - Hold long entered at 0.8800

The greenback found renewed buying interest at 0.8843 yesterday and has rebounded, retaining our bullishness for the rise from 0.8699 low to resume after consolidation, above this week's high of 0.8879 would confirm and extend further gain to 0.8890-06 (50% Fibonacci retracement of 0.9082-0.8699 and previous resistance) but reckon 0.8935



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