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USDCHF Daily Forecast: August 22
Wednesday, August 22, 2012 2:11
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USDCHF Forecast
The USDCHF continued its bearish correction yesterday, bottomed at 0.9617. The bias is bearish in nearest term testing 0.9580 /20 before testing 0.9420/70. Immediate resistance is seen around 0.9700. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear. On the upside, only a clear break above 0.9800 could end the current bearish correction phase and reactivate my bullish mode.
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2012-08-22 02:01:20
Source: http://www.fxinstructor.com/blog/usdchf-daily-forecast-august-22-2
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