Wednesday, May 28, 2014

Trade Idea Wrap-up: USD/CHF - Stand aside

Although the greenback has continued to edge higher and near term upside bias remains for the rise from 0.8699 low to extend gain to psychological resistance at 0.9000, overbought condition should prevent sharp move beyond 0.9012-15 (50% projection of 0.8703-0.8960 measuring from 0.8883) and reckon 0.9040-45 (61.8% projection) would hold



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