Trading Forecast USD/CHF

By Roger Baettig | February 14 2011 7:50 AM

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USD/CHF closed higher on Friday and the mid-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends this month's rally, the 38% retracement level of the June-December decline crossing is the next upside target. Closes below the 20-day moving average crossing would temper the near-term bullish outlook.

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