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$USDCHF finding support against the 100 hour MA

Written November 13, 2009 at 1:06 PM EST by Greg Michalowski 

gregmike-05569

The USDCHF has been involved in the USD$ selling this afternoon, but has been slowed by the 100 hour MA. The level comes in at the 1.0100 level.  The low reached 1.0101.  I would expect to see continued buyers against the level with stops on a move below.  The upside has resistance at the 1.0133 level now.

gregmike-05570

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