USDCHF: strong resistance at 1.0272

 @ibtimes on January 15 2010 9:07 AM

The pair rebounded with strength yesterday, from the 1.0168 lows to 1.0272. The last one hour candle has the shape of high wave, indicating indecision and, therefore, a possible correction or rebound. Also, the RSI is marking overbought. If it loses 1.0246 it will be a rebound that will try to lose 1.02 down to 1.0194. The 200 days MA could use 1.0246 to go towards 1.0361, last lower high from the daily chart.

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