Friday, September 27, 2013

Trade Idea: USD/CHF - Sell at 0.9135

As the greenback has remained under pressure, suggesting recent decline from 0.9839 (2013 high) is still in progress and may extend further weakness to 0.9060-65 (2 times extension of 0.9455-0.9302 measuring from 0.9371), however, near term oversold condition should limit downside to 0.9040 and price should stay above psychological support



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