Thursday, June 26, 2014

USD/CHF Slips Beneath 200-Day SMA

Despite the 200-day SMA proving to be a fairly reliable support throughout June, USD/CHF closed beneath 0.8936 yesterday. There is still a chance the support at 0.8907/06 (weekly S1 and 55-day SMA) is going to keep the currency pair afloat, but the risks are now considered to be skewed to



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