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Trade Idea Wrap-up: USD/CHF - Sell at 0.9820

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 24, 2016.

  1. Lily

    Lily Forum Member

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    As the greenback has maintained a firm undertone after rebounding from 0.9651, suggesting near term upside risk remains for this rebound to bring retracement of recent decline to resistance at 0.9792, 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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