Wednesday, October 23, 2013

Trade Idea: USD/CHF - Sell at 0.9005

As the greenback has remained under pressure after yesterday's selloff below 0.9005 support (now resistance), adding credence to our view that recent decline is still in progress and may extend further weakness to 0.8935-40 (61.8% projection of 0.9178-0.9005 measuring from 0.9045), however, loss of momentum should prevent sharp fall below



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