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Jul 30

TECHNICAL ANALYSIS BY NSFX 30.07.2013

By:admin

High:  Low: 

USD/CHF managed to gain some lost territory yesterday, but the trend is still bearish. We managed to close above the 76.4% Fibo retracement at 0.9275, which should give some room to the upside – potentially for a test of the 200-day SMA at 0.9347 and the 61.8% Fibo retracement at 0.9365. Stochastics still in oversold territory – could suggest that we will see a slightly bullish tone in today’s trading, given that the 0.9280-level holds.

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