Friday, October 4, 2013

USD/CHF Elliott Wave Analysis

The greenback has continued to head south after resuming early decline from 0.9972 (2012 high), retaining our bearishness for this decline to extend further weakness to 0.8930-35 and possibly towards 0.8890-95 (100% projection of 0.9972-0.9024 measuring from 0.9839), however, near term oversold condition should limit downside to 0.8860-65 (38.2% Fibonacci



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