USD/CHF - daily technical Forecast

 @ibtimes on February 16 2010 10:06 AM

USD/CHF closed higher on Monday as it extends this year's rally. The mid-range close sets the stage for a steady opening on Tuesday. If it resumes the rally off November's low, the 50% retracement level of the 2008-2009-decline crossing is the next upside target. Closes below the 20-day moving average crossing are needed to confirm that a short-term high has been posted.

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