Wednesday, July 30, 2014

Trade Idea Update: USD/CHF - Buy at 0.9040

As dollar's upmove has accelerated, adding credence to our bullish view that the erratic rise from 0.8699 low is still in progress and may extend further gain towards resistance at 0.9157, however, near term overbought condition should prevent sharp move beyond 0.9175-80 and reckon 0.9200 would hold from here, risk



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