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USDCHF Daily Forecast: November 30

Share It:: 11/29/2009 08:29

USDCHF Forecast
The USDCHF attempted to rebound higher on Friday, topped at 1.0174 but further bullish correction� was rejected as price failed to consistently move above 1.0120 and now back below the trendline (aqua) indicating potential bearish view. The bias is bearish in nearest term with technical target around 0.9913 area. Immediate resistance at 1.0120 area. Break above that area should lead us once again into no trading zone as direction would become unclear for me.

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History

11/28/2009	EUR/USD Weekly Review 22 – 27 Nov 09
11/27/2009	EURUSD Weekly Summary: Euro recovered quickly, trendline support hold, bullish remains intact
11/27/2009	EUR/USD Daily Review 27 Nov 09
11/26/2009	EURUSD Forecast: Failed to continue bullish above 1.5150 as risk aversion back into play
11/26/2009	Daily Forecast for Crosses: November 27

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