Wednesday, April 2, 2014

Trade Idea: USD/CHF - Buy at 0.8800

As the greenback has remained under pressure, retaining our view that near term downside risk remains for retracement of recent upmove to support at 0.8810-13, however, reckon 0.8799 (50% Fibonacci retracement of 0.8699-0.8899) would limit downside and bring another rebound later, above the Ichimoku cloud top (now at 0.8862) would



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