Tuesday, December 24, 2013

USD/CHF Well-Underpinned by 0.8936/29

Although an attempt to overcome the monthly S1 resulted in a strong sell-off, the decline seems to have been stopped by the support at 0.8936/29. Given that this demand zone is created by the 2012 Feb low, weekly PP and the 20-day SMA, we should not rule out emergence of



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