USD/CHF Classical 02.03
USD/CHF: Although the market remains under some intense pressure with the latest declines stalling just shy of the late 2010 record lows at 0.9300, inability to establish fresh record lows on Wednesday followed by a break back above 0.9400 leaves us somewhat constructive with our outlook from here. Look for a break and close back above 0.9445 on Thursday to confirm bullish bias and accelerate gains. Back below 0.9300 will of course negate outlook and give reason for pause.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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