Friday, October 4, 2013

USD/CHF Mid-Day Outlook

USD/CHF loss some downside momentum but with 0.9117 resistance minor resistance intact, near term outlook stays mildly bearish. Sustained trading below 0.9021 support pave the way to 0.8861 long term fibo support. On the upside, break of 0.9117 resistance is needed to signal short term bottoming. Otherwise, outlook stays bearish.



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