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Swiss Franc Technical Outlook

Monday, 10 November 2008 13:49:55 GMT

Written by Jamie Saettele, Senior Currency Strategist

The USDCHF is testing a resistance line from late 2005 as well as a shorter term upward sloping resistance line. 

These lines combined with overbought and divergent RSI on the weekly and daily should lead to a drop that lasts at least a number of weeks.

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