Global Forex Trading Ltd - Dollar/Swiss collapsed further to a four-week low and my model remains short. The immediate outlook is bearish after forming a double top that targets 1.0130 and after the rising medium-term channel was pierced on a closing basis. Immediate support is now seen at 1.0200. This is followed by 1.0130 and 1.0105. Distant support is now pegged at .9877. Initial resistance now comes at 1.0344. If 1.0390 gives way, expect a test of the distant resistance at .1.0623.
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