April 20, 2011 6:33 AM GMT
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| USD/CHF closed higher on Tuesday as it consolidated some of this month's decline. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends this year's decline into uncharted territory, downside targets will be hard to project. Closes above the 20-day moving average crossing would confirm that a short-term bottom has been posted. |
EUR/USD Sell at 1.2685 SL 1.2717 TP 1.2608 USD/JPY Sell at 79.84 SL 80.16 TP 79.12 GBP/USD Sell at 1.5767 SL 1.5799 TP 1.5679 USD/CHF Buy at 0.9467 SL 0.9435 TP 0.
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