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Sep 04

TECHNICAL ANALYSIS BY NSFX 04.09.2013

By:admin

High:  Low: 

USD/CHF has taken home decent gains in the past four out of five days and yesterday closed above the 50-day SMA for the first time since early July. The question is whether or not we will see some follow-through today with the 61.8% Fibo retracement and 100-day SMA just above (at 0.9366 and 0.9399 respectively). Oscillators in overbought territory could provide some extra resistance which is why a sell on rallies towards the 100-day SMA would seem like a decent strategy for the day.

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