Global Forex Trading Ltd - Dollar/Swiss suffered another aggressive loss on Monday before trimming about half of its losses. The medium-term trend remains bearish, but a significant recovery may be close by. My model was remains short though. Immediate support is still seen at 0.9800. Below 0.9750, support is now pegged at 0.9640. Distant support is at 0.9450. Initial resistance now remains at 0.9925. This is followed by 0.9990 and 1.0045. The next level is 1.0090.
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