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Technical Analysis for USDCHF 3 Mar 2010 |
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Written by Administrator
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Wednesday, 03 March 2010 |
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The USDCHF attempted to push higher yesterday, topped at 0.0888 but
whipsawed to the downside and closed lower at 1.0746. This fact should
keep the bearish correction scenario intact testing 1.0640 in nearest
term but the main scenario should remain bullish especially if price
able to break above 1.0888 – 1.0900 area targeting 1.1000 level. Break
below 1.0640 area should trigger further bearish correction towards
1.0507 area.
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