USD/CHF - daily technical Forecast

By IBTimes Staff Reporter | April 29 2010 2:18 AM

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USD/CHF closed slightly higher on Wednesday and the mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends last week's rally, February's high crossing is the next upside target. Closes below the 10-day moving average crossing would temper the near-term bullish outlook.

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