USDCHF remains in short term uptrend. The pullback from 1.1742 is treated as consolidation of the uptrend. Near term support is at 1.1399 and key support is at 1.1313. As long as 1.1399 support holds, we’d expect uptrend to resume, and further rally could be seen to 1.2000 zone in next several days. Only fall below 1.1313 will indicate that the medium term uptrend from 1.0366 (Dec 29,2008 low) has completed.
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