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Trade Idea Update: USD/CHF - Buy at 0.9825

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 14, 2016.

  1. Lily

    Lily Forum Member

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    Dollar's retreat after rising to 0.9911 earlier this week suggests consolidation below this level would be seen and pullback to 0.9840-43 (previous resistance and 38.2% Fibonacci retracement of 0.9733-0.9911) cannot be ruled out, however, reckon 0.9820-25 (50% Fibonacci retracement) would limit downside and bring another rise later. Above said resistance[​IMG]

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