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Swiss Franc Technical Outlook

Monday, 25 August 2008 13:52:42 GMT

Written by Jamie Saettele, Senior Currency Strategist

The USDCHF is testing the confluence of the 38.2% of 1.3284-.9647 / former resistance. 

The area should provide some opposition to additional gains.  A push above 1.1040 faces resistance from the 2/13 high at 1.1105.  However, the pair is vulnerable to a sharp dollar pullback.  1.09 may be short term support.

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