Saturday, August 30, 2014

USD/CHF Weekly Outlook

USD/CHF turned into sideway consolidation last week after breaking 0.9156 key resistance. Initial bias is neutral this week. Another fall cannot be ruled out as the consolidation extends. But we'd expect downside to be contained well above 0.9022 support and bring another rally. Break of 0.9184 will target 161.8% projection



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