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USDCHF: Vulnerable medium term despite recovery attempts

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 28, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USDCHF: The pair faces further weakness medium term despite its recovery attempts the past week. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0.9600 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 0.9800 level where a break will clear the way for more strength to occur towards the 0.9850 level. Further out, resistance comes

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