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Imperial FX Online - www.imperialfxonline.com
ImperialFXonline: Daily USD/CHF Trading StrategyDaily USD/CHF Trading Strategy
levels:1.1532 / 1.1650 / 1.1742 / 1.1910 / 1.1967
1.1246 / 1.1152 / 1.1036 / 1.0924 / 1.0899
Dollar has retreated after the early rally in Asia to 1.1446 (which shows signs of an intra-day top there) but this move is viewed as a moderate correction of the recent rise and as long as 1.1246 (previous resistance) holds, a mildly bullish bias remains for a re-test of the resistance at 1.1445 ahead of further gains towards the 1.1500 level, with overbought daily oscillators increasing the likelihood of a stronger retracement later.
Our long position has been entered and only a move back below 1.1246 would negate the bullish bias and result in a deeper downward retracement to 1.1140/50.Written
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