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USD/CHF Classical 03.11

USD/CHF Classical 03.11

2010-03-11 06:28:00
Joel Kruger, Technical Strategist
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swiss1

USD/CHF: The rally has finally stalled out for now ahead of 1.0900, with the market in the process of consolidating. The risks from here are for some additional sideways trade to allow for studies to unwind from overbought, ahead of the next major upside extension beyond 1.0900.

 

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
If you wish to receive Joel's reports in a more timely fashion, e-mail instructor@dailyfx.com and you will be added to the "distribution" list.

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