Monday, April 13, 2015

Trade Idea : USD/CHF - Buy at 0.9750

As dollar has risen again after brief pullback, suggesting recent upmove is still in progress and may extend further gain to 0.9850, then 0.9880-85 (61.8% Fibonacci retracement of 1.0129-0.9481), however, near term overbought condition should limit upside to 0.9900-10 and price should falter below 0.9940-50, bring retreat later.



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