USD/CHF - daily technical Forecast

By IBTimes Staff Reporter | May 31 2010 4:00 AM

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USD/CHF closed higher on Friday and the high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain neutral to bullish signalling that additional strength is possible near-term. If it extends this month's rally, weekly resistence 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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