Tuesday, October 1, 2013

Trade Idea: USD/CHF - Sell at 0.9065

As the greenback has fallen sharply after intra-day brief recovery to 0.9064, adding credence to our bearish view that early decline from 0.9972 top is still in progress and may extend weakness towards 0.8950-55 (50% projection of 0.9455-0.9080 measuring from 0.9138), however, near term oversold condition should prevent sharp fall



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