Friday, May 23, 2008

USD/CHF Mid-Day Outlook

USD/CHF recovers mildly after reaching as low as 1.0232. Nevertheless, intraday bias remains on the downside as long as 1.0324 minor resistance holds. As discussed before, decisive break of the channel support will indicate that whole rebound from 0.9634 has completed at 1.0623 on bearish divergence conditions in 4 hours...



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