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USDCHF Daily Forecast: October 05
Friday, October 5, 2012 1:41
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USDCHF Forecast
The USDCHF had a bearish momentum yesterday, bottomed at 0.9293. The bias is bearish in nearest term testing 0.9250. Immediate resistance is seen around 0.9350. A clear break above that area could lead price to neutral zone in nearest term but any upside pullback now is normal and as long as stays below 0.9420/35 I still prefer to sell on rallies. On the downside, a daily/weekly close below 0.9250 could create further bearish scenario. Fundamental focus today is on the US NFP number.
2012-10-05 01:33:56
Source: http://www.fxinstructor.com/blog/usdchf-daily-forecast-october-05-4
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