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Trade Idea Update: USD/CHF - Sell at 0.9820

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 23, 2016.

  1. Lily

    Lily Forum Member

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    Dollar has continued to edge higher after rebounding from last week's low at 0.9651, retaining our view that further consolidation above this level would be seen and retracement to resistance at 0.9792 is likely, however, reckon 0.9820 (38.2% Fibonacci retracement of 1.0093-0.9651) would limit upside and bring another decline later.[​IMG]

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