Monday, September 10, 2012

USDCHF Medium Term Outlook

The outlook remains mildly bearish for USDCHF (but the -1 correlation with EURUSD has now ended). We look to lower the stop on balances to .9610, 5th Sept peak as we approach the previous support level of .9417. A bounce here could produce profit taking rally towards .9772, a break and .9140, 261.8% extension level comes into focus. 

Posted by FXLTR at 9:44 AM

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